CP 301 Foreign financial services providers

CP 301 Foreign financial services providers

This consultation paper is for foreign financial services providers (FFSPs) and other relevant stakeholders, such as users of the services provided by FFSPs.

It provides an update on the results of our comprehensive review of our relief for FFSPs鈥攆ollowing the temporary extension of the relief for a further two years鈥攆rom the requirement to hold an Australian financial services (AFS) licence when providing financial services to wholesale clients in Australia.

This consultation paper seeks feedback on our proposals to:

repeal and , with a 12-month transitional period; and
implement a modified AFS licensing regime for FFSPs to enable FFSPs to apply for and maintain a modified form of AFS licence (foreign AFS licence).