Compliance services

The Huntley Group is available to consult with managed investment scheme promoters and operators and Foreign Financial Services Providers (FFSPs). We can provide professional advice on compliance and governance matters for projects and assist with the provision of compliance officers and compliance committee members.

With proposed changes to law to come into effect in April 2020, Huntley may be able to assist Foreign Financial Services Providers (FFSPs) applying for a foreign AFSL who need assistance with assessing whether their current compliance frameworks are adequate to meet their Australian regulatory obligations and, where required, adopting those compliance frameworks for Australian regulatory requirements.  

These proposed changes will give limited licensing relief for a FFSP that provides funds management financial services to professional investors in Australia or portfolio management services. 

For those FFSPs which do not wish to apply for either a full AFSL or foreign AFSL, Huntley may be able to assist with the structuring of the product offering in Australia in a manner which may involve the entity entering into an arrangement with Huntley to be able to offer its products/services to Australian clients. Securities must be the only financial product being offered by the FFSP for us to be able to provide this assistance.

Click here for further information for FFSPs.

We are happy to answer more questions so please contact us for more information.


What is an AFS licence?

An Australian Financial Services (AFS) Licence is required to conduct a financial services business in Australia. It is issued by the Australian Securities and Investment Commission (ASIC) and is a requirement of the Corporations Act 2001 (Cth).


Who should have an AFS licence?

Any business that carries on a financial services business in Australia is required to hold an AFS Licence unless an exception applies. You may require an AFS Licence if your business:

  • Provides advice to clients about financial products.
  • Deals in a financial product.
  • Creates a market for a financial product.
  • Operates a registered scheme.
  • Provides custodian or depository services.
  • Provides traditional trustee services.

By law, a responsible entity is required to hold an AFS Licence.


If you have any questions or would like to know more about our services please contact us.
 

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