Commencing on 22 August 2020, litigation funders will no longer be exempt from the requirement to hold an Australian Financial Services Licence (AFSL) and will
Amendments made to the change in control requirements for Australian Financial Services Licence (AFSL) and Australian Credit Licence (ACL) holders (“Licensees”) became effective on 18
ASIC is reminding Australian Financial Services Licensees and Australian Credit Licensees seeking to avoid or reduce industry funding levies for the 2020-21 financial year that
Sophie Grace recently assisted Pacific Financial & Investment Pty Ltd (“Pacific Financial & Investment”) to obtain an Australian Credit Licence (“ACL”) for credit provider activities
ASIC has recently announced it will defer the commencement date of the Design and Distribution Obligations (“DDO”) by six months until 5 October 2021. We
ASIC’s Report 654 details instances where ASIC exercised its power to both grant and refuse AFS licensing relief. Throughout the period between April 2019 and
Existing AFSL and ACL holders should be aware of changes to the licensing regime even if they do not intend to make a variation or
ASIC has been granted new powers to cancel both Australian Financial Services Licences (“AFSL”) and Australian Credit Licences (“ACL”) if the licensee fails to commence
ASIC has announced it will be deferring mortgage broker reforms which were originally set to commence 1 July 2020 by six months. The legislation which