Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 28 NOVEMBER 2016

Passporting AFSL relief to extend to Luxembourg fund managers

Clayton Utz
Explore more from Clayton Utz

Luxembourg fund managers could consider applying for AFSL relief to provide financial services to Australian clients.

AustraliaFinance and Banking
Erik Setio
Erik Setio
Suzana Livaja
Suzana Livaja
Author LinkedIn connections

If you are a Luxembourg fund manager, consider applying for the relief to enable you to provide financial services to Australian wholesale clients.

On 22 November 2016, the Australian Securities and Investments Commission (ASIC) extended its relief for foreign financial service providers (FFSPs) from the requirement to hold an Australian financial services (AFS) licence when providing financial services to Australian wholesale clients to certain Luxemburg fund managers (LFMs).

The instrument granting the relief, ASIC Corporations (CSSF-Regulated Financial Services Providers) Instrument 2016/1109, is operative until 28 September 2018 and is consistent in timing with the recent extension of relief to FFSPs relying on a number of other ASIC class orders.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Australia's Enhanced Substantial Holding Disclosure And Beneficial Ownership Disclosure Regime Comes Into Effect From 4 December

Australian financial markets face a fundamental shift in disclosure requirements from December 2026, as new rules expand substantial holding obligations beyond traditional voting interests to capture derivative positions and economic exposure. Market participants must now navigate complex calculations involving physically settleable derivatives, cash-settled instruments, and offsetting short positions—with no grandfathering for existing holdings.
AustraliaFinance and Banking
K&L Gates
K&L Gates
Article

New Payment Models Face A Broader Licensing Regime

Australia's payment services landscape is undergoing a fundamental regulatory transformation with the introduction of new legislation that shifts focus from specific technologies to the functions and activities performed by payment service providers. The Treasury Laws Amendment Bill 2026 will replace the existing non-cash payment facility framework with a comprehensive licensing regime that distinguishes between payment products and payment services, potentially capturing previously unregulated payment
AustraliaFinance and Banking
McCabes
McCabes
Article

Australia's Updated Financial Innovation Strategy

The Australian Government has unveiled its Financial Innovation Strategy, introducing a new Financial Innovation Committee and overhauling the Enhanced Regulatory Sandbox framework to better support emerging businesses testing innovative financial products. The strategy encompasses reforms across consumer data rights, digital assets, tokenised infrastructure, and regulatory frameworks designed to position Australia as a leader in financial innovation.
AustraliaFinance and Banking
K&L Gates
K&L Gates
Video

Insights Into Maintaining Financial Control In The Property And Construction Sector. (Video)

Construction businesses can appear profitable while facing severe cash flow crises. Victor Zhou, a fractional CFO specializing in construction, reveals why cash shortages develop in building and development firms, how to spot warning signs before it's too late, and why securing additional funding often masks deeper structural problems that continue draining resources.
AustraliaFinance and Banking
Cathro & Partners
Cathro & Partners