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ASIC changes assessment procedure for AFS licence applications of FX companies
Certain applicants, including companies that intend to offer Forex contracts, are required to provide additional information and documents as part of their application.The Australian Securities & Investments Commission (ASIC) has changed its Australian financial services (AFS) licensing assessment procedures for certain applicants and has earlier today provided guidance on the new requirements. Information Sheet 240 AFS licensing – Requirements for certain applicants to provide further information (INFO 240) outlines changes that apply to applicants that are a body corporate; applicants that are Australian ... (full story)