ASIC extends relief for providers of foreign financial services.

ASIC has today extended relief for certain foreign financial services providers (FFSPs) in sufficiently equivalent regulatory regimes from the requirement to hold an Australian financial services licence (AFSL) when providing financial services to wholesale clients.

Relief has been extended on the same terms until 30 September 2019. The extension applies to the 'limited connection' relief together with the relief available under:

1. [CO 03/1099] UK regulated financial service providers;
2. [CO 03/1100] US SEC regulated financial service providers;
3. [CO 03/1101] US Federal Reserve and OCC regulated financial service providers;
4. [CO 03/1102] Singapore MAS regulated financial service providers;