ASIC Releases Licensing and Registration Activity Report

September, 2015

The Australian Securities and Investments Commission (ASIC) last week published its second six-monthly report on its approach to licensing and professional registration applications. ASIC released its first licensing activity report in May 2015.

Report 448: Overview of licensing and professional registration applications: January to June 2015 highlights ASIC’s current areas of focus. It provides insights into areas of the licensing and registration landscape which are on ASIC’s radar and is also an indicator of ASIC’s likely activities in the next quarter.

The report sets out ASIC’s decisions on applications for the period from 1 January to 30 June 2015 relating to:

In ASIC’s media release, ASIC Deputy Chairman Peter Kell stated:

“As we did in our first report, today’s report highlights ASIC’s continuing focus on retail OTC derivatives and marketplace lending, and also discusses the additional areas of digital (robo) advice, limited licensing, consumer leases and Centrepay, and ASIC’s recently announced Innovation Hub.”

Some notable aspects of the report are:

Regarding changes to policy, we are particularly interested to see whether ASIC will change its approach for assessing organisational competence to require responsible managers to have experience in the actual provision of the financial services, rather than only requiring experience in the supervision and monitoring of financial services (in ASIC Regulatory Guide 105).

The report and ASIC’s media release can be accessed by clicking here.

Contact Mills Oakley

If you want to discuss the report, ASIC’s priorities or your licensing and registration needs, please contact:

Web Template
Mark Bland | Partner 
T: +61 3 9605 0832


Privacy Policy | Terms of Use