Wednesday, 26 July 2017

Strengthening ASIC’s licensing powers

AIST supports measures which ensure that ASIC has the appropriate powers to ensure that entities applying for Australian Financial Services Licenses (AFSLs) are fit and proper licensees. AIST supported this recommendation from the Financial System Inquiry. AIST's submission indicates our full support for all of the positions proposed in the consultation paper. We have, however, chosen not to respond to the questions contained in the paper.