Financial services regulation (FSR) in Australia provides the framework for a single licensing and disclosure regime for financial services providers.
It also provides a uniform scheme for financial products markets and clearing and settlement facilities. It covers most financial services and products.
FSR can apply to off-shore financial services providers, even if their connection with Australia seems very limited.
While the stated objectives of the FSR laws are simple, FSR is a complex and technical area and the laws are undergoing constant review, often resulting in changes to how financial products and services are regulated.
For up-to-date FSR news, go to our Breaking News section. To find out more about the background to the current FSR regime (including the FSR implementation process), refer to the Archive section of this site. For more information or advice on how FSR affects your business, please contact one of the Allens FSR team.
Also, to find out more about the:
- anti-money laundering and counter-terrorist financing reforms and how they affect financial services providers (and others); and
- Federal Government's proposed emissions trading scheme and the impact and implications of emissions units being categorised as 'financial products' under the Corporations Act,
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