CP 268 Licensing relief for foreign financial services providers with a limited connection to Australia
Released 28 September 2016. Comments due 2 December 2016.
This consultation paper seeks feedback on our proposal to repeal Class Order [CO 03/824] Licensing relief for financial services providers with limited connection to Australia dealing with wholesale clients, which is due to expire on 1 April 2017.
It also provides an update for foreign financial services providers (FFSPs) and other relevant stakeholders on:
- the recent temporary extension of our relief for FFSPs from the United Kingdom, United States of America, Germany, France, Singapore and Hong Kong that provide a range of financial services to Australian wholesale clients; and
- our plans to comprehensively review our relief for FFSPs during the extension period, which will involve us engaging with stakeholders about the terms of any relief.