AFS Licenses

Home
Futures Broker Licenses
AFS Licenses

Activities

An Australian Financial Services (AFS) License, issued by the Australian Securities and Investments Commission (ASIC), permits companies to legally provide financial services in Australia. Licensed entities can engage in various activities, including:

Offering financial product advice to retail and wholesale clients.
Dealing in financial products such as shares, derivatives, and managed investment schemes.
Issuing or underwriting financial products.
Facilitating securities trading, insurance, superannuation, and deposit services.
Providing custodial or depository services.
Operating managed investment schemes or providing trustee services.

Requirements

To obtain an AFS License, applicants must meet several stringent requirements set by ASIC. These include:

Fit and Proper Test
Key individuals must demonstrate they have the necessary qualifications, skills, and experience to operate within the financial services industry.
Financial Requirements
The applicant must meet minimum financial requirements, including maintaining sufficient capital to cover operational needs.
Compliance & Risk Management
Applicants are required to establish comprehensive compliance and risk management frameworks, including systems to ensure adherence to the Corporations Act and ASIC regulations.
Responsible Managers
Appoint responsible managers who meet ASIC’s requirements for experience and qualifications in the type of financial services offered.
Client Protection
Demonstrate processes for managing conflicts of interest, protecting client assets, and ensuring fair treatment of clients.
Auditing & Reporting
License holders must submit regular financial and compliance reports to ASIC, as well as undergo audits to ensure ongoing adherence to regulatory standards.

Contact Us Today

Transform Your Vision into Reality

Partner with FP Technology to launch your very own fintech or financial services company with ease, efficiency, and speed. Our solutions empower you to compete in the global fintech and financial markets with minimal setup time and maximum efficiency.

Make an Inquire Now