Financial services regulation (FSR) in Australia provides the framework for a single licensing and consistent and comparable disclosure regime for financial services providers. It also provides a uniform scheme for financial products markets and clearing and settlement facilities. It covers most financial services and products (excluding credit). FSR also contains extensive rules on misleading and deceptive conduct and market misconduct (including insider trading).
While the stated objectives of the FSR laws are simple, FSR is a complex and technical area and the laws are undergoing constant review, often resulting in changes to how financial products and services are regulated.
We continue to monitor and report on the latest issues and their effect on all aspects of the financial services industry, including in relation to securities, derivatives, managed investments, superannuation, insurance and banking (wholesale and retail). For up-to-date FSR news, go to our Breaking News section. To find out more about the background to the current FSR regime (including the FSR implementation process and the transitional period which occurred between 11 March 2002 -10 March 2004), refer to the Overview section of this site. For more information or advice on how FSR affects your business, please contact one of the Allens FSR team.
Also, to find out more about the anti-money laundering and counter-terrorist financing reforms and how, as from 12 December 2007, they affect financial services providers (and others), please contact one of the Allens AML team..
News and publications
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17 November 2008
PDS notifications to be lodged electronically from 1 January 2009 -
13 November 2008
Short Selling Bill introduced into Parliament
