Financial Services Monthly Wrap-up

Financial services monthly wrap up: September 2019

Australia Publication September 2019

In September 2019, ASIC extended until 31 March 2020 the relief afforded to certain foreign financial services providers that was due to expire on 30 September 2019. As highlighted in our previous updates, ASIC has proposed to overhaul the current foreign exemption regime through the introduction of a foreign financial services licence and funds management exemption. ASIC has also provided its second update on its priorities and initiatives to date from the recommendations made out of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

 



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