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How much is the application fee for an Australian ASIC license?

Australian Securities and Investment Commission (Australian Securities and Investment Commission) abbreviation: ASIC.

According to the provisions of the ASIC Act, any financial institution engaged in financial transactions in Australia must be certified by ASIC and apply for a financial services license (AFS License), and the foreign exchange market is no exception. Financial institutions currently engaged in the foreign exchange market in Australia include: banks, foreign exchange dealers, brokers, foreign exchange information providers, etc.

A formal platform must have the number (AFSL: Australian Financial Services License Number). Only with this number can you be qualified to do financial derivatives. Only companies that are independent (ABN: Australian Business Registration Number, ACN: Australian Company Code) are not eligible to engage in financial derivatives. Those who have an AFSL number will have corresponding ABN and ACN codes; but those who only have ABN and ACN codes do not necessarily have an AFSL number

Australian ASIC regulatory measures

1. Extensive pension Financial, insurance, deposit and loan industry practitioners

2. Local banking financial institutions and international bank branches operating in Australia

3. Securities, futures, foreign exchange, finance Derivatives and other financial trading institutions

4. All institutions involved in financial product information consultation and services

5. All financial industry practitioners must hold certificates and engage in finance in accordance with regulations Business

1) All institutions that operate financial products first need to apply for a financial services license (AFS Licence)

2) All institutions that apply for an AFSL financial services license must handle professional procedures for retail customers. Compulsory liability insurance (Professional indemnity insurance)

3) ASIC requires the complaint department to handle customer complaints in a timely manner and impose strict penalties on illegal traders, and even revoke the financial services license AFSL

4) Stricter financial product disclosures and customer risk disclosures require financial institutions to inform customers of company operating risks, market transaction risks, etc. without reservation.

Detailed license application process:

1. Recruiting company employees

2. Responsible manager as license holder

3. Company Serviced office building management

4. Australia's top legal consulting firm provides AFSL license legal services

Agency financial license service content

1. Financial business plan design

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2. Submit license application and prepare all related documents

3. Prepare and write financial services guide

4. Write financial transaction product disclosure statements

5. Employment contract writing

6. Anti-laundering and anti-terrorism report application

It takes 6-10 months to register for a new Australian ASIC license.

The Australian Securities and Investments Commission (ASIC) has released an assessment report on license and professional registration applications from July 2017 to June 2018. During the year, ASIC approved nearly half of the 2,879 license applications. These license applications include an Australian Financial Services (AFS) license, credit license (ACL) or professional registration. In Australia, brokers, exchanges and financial companies all need to obtain an AFS license to operate legally. The time it takes to obtain a license depends on the complexity of the business structure.