ASIC extends international supplier reduction amid new licensing reforms

Below the change, FFSPs can proceed to depend on ASIC’s ample equivalence and restricted connection reduction till March 31, 2027, as an alternative of March 31, 2026. Throughout this era, eligible FFSPs might present specified monetary companies to Australian wholesale purchasers with out holding an Australian monetary companies licence. The transitional preparations will stay in place till a brand new FFSP exemption framework is launched as a part of broader legislative reforms earlier than Parliament.