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Archive: OverviewFSR became law on 27 September 2001, but the commencement date for most of the provisions was 11 March 2002. From that date, transitional arrangements applied to many of the important licensing, disclosure and financial markets requirements, giving some people affected up to two years to comply. The transitional period ended on 10 March 2004 so that from 11 March 2004, anyone who conducts a financial services business or operates a financial market will generally need to be appropriately licensed under the FSR laws. This archive contains background information on an overview of the regime (including the transition period) and how the changes brought about by FSR have affected various industry sectors. It also contains previous news items as well as reports and commentaries we have written on FSR implementation and other important issues that have affected our clients since FSR commenced. As the information in this archive is not current, it is no longer being updated and remains on this website for historical purposes only. For details of current FSR issues, refer to our Breaking News. The following sections are contained in the Archive: (Refer to each section for details of the date on which the section was last updated.) 
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