Introduce the AR license under the supervision of ASIC in Australia in detail. AR of ASIC refers to those companies or individuals authorized by ASIC supervision company (here we call it the entrusting party), not directly supervised by ASIC. For individuals or companies that want to carry out standardization activities, it is a very convenient and cost-effective way to become the AR of ASIC.
ASIC is an independent government agency, which exercises the financial supervision function on Australian financial system, financial institutions and professional employees according to law. ASIC was established on 200 1 according to the Australian Securities and Investment Commission Act. As a license with high gold content, Australian ASIC license is one of the necessary licenses for many large platforms and exchanges, which can prove the strength of the platform and better obtain any of its customers. AR of ASIC refers to those companies or individuals who are authorized by the companies supervised by ASIC (here we call them entrusted subjects), and these companies or individuals are not directly supervised by ASIC. The Australian ASIC brand foreign exchange license is supervised by the Australian Securities and Exchange Commission, which is highly recognized in the industry. Due to strict supervision and high application threshold, the gold content is very high. Australian ASIC license requires a high deposit and needs to be actually operated locally. It is a full regulatory license and does not belong to offshore supervision.
ASIC supervises the foreign exchange market, which is one of the important financial trading markets in Australia. Australian Stock Exchange (ASX), various banking systems, foreign exchange and other financial derivatives traders are all important regulatory areas of ASIC.
According to ASIC Act, any financial institution engaged in financial transactions in Australia must pass ASIC certification and apply for AFSLicence, and the foreign exchange market is no exception.
Financial institutions engaged in the foreign exchange market in Australia include banks, foreign exchange dealers, brokers and foreign exchange information providers.
Requirements for Australia to supervise ASIC registration applications;
65,438+0.0 Low capital requirement: 65,438+0,000,000 Australian dollars, or 65,438+00% of the average income (whichever is higher).
2 Liquidity requirements (including low share capital): Liquidity requirements for tangible assets, the issuer must hold 50% of cash or cash equivalents and current assets, and 50% of the required net tangible assets.
The annual forecast must be updated quarterly.
4 Actual office address and actual staff
5 tax number
6 The application time is about 30 working days (AR small card).
The scope of ASIC supervision includes:
1, a wide range of pension, insurance, deposit and loan industries.
2. Local banks and financial institutions and branches of international banks doing business in Australia.
3. Financial trading institutions such as securities, futures, foreign exchange and financial derivatives.
4. All institutions involved in financial product information consultation and service.
5. All employees in the financial industry must hold relevant certificates and engage in financial business according to regulations.
Advantages of ASIC license plate
1, improve government functions and independently manage financial markets.
2, supervision system, both supervision and management.
3. Assist and protect the financial operation of retailers and customers.
4. Pay attention to the protection of investors' rights and interests, and set up FOS dispute settlement institutions.
There are strict punishment measures for any illegal behavior.
6, more open and fair information release, to ensure public interest.
7. Improve service level through new technologies and processes.