New AFS guide released

A NEW licensing guide Meeting the financial requirements of your AFS Licence: Compliance with Policy Statement 166 has been released by the Australian Securities and Investments Commission.

The guide has been prepared by ASIC licensing analysts in conjunction with accounting experts and explains how applicants for an Australian financial services licence can comply with policy statement 166: Licensing: Financial Requirements.

It is designed to provide practical guidance to licence applicants, licensees, accountants and auditors about how to meet their obligations under the policy statement and the financial requirements under an AFS licence.

ASIC developed the guide following requests for assistance from industry participants.

The guide can be obtained from the Applying for an AFS licence page on the ASIC website at or by phoning 1300 300 630.


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