On 21 September, ASIC extended to 30 September 2019 licensing relief for foreign financial services providers (FFSPs) to allow them to provide financial services to Australian wholesale clients without needing to hold an. AFSL.  The relief was due to expire at the end of this September.

The extension of ASIC’s relief in FFSP legislative instruments and ASIC’s ‘limited connection’ legislative instrument is set out in ASIC Corporations (Amendment) Instrument 2018/807 and is explained in the Explanatory Statement.