- Australian financial services (AFS) licence
Australian financial services (AFS) licence
A licence given by ASIC that allows people or companies to
legally carry on a financial services business, including selling,
advising or dealing in financial products. You should only deal
with licensed businesses as you are better protected if things go
wrong and you will have access to free dispute resolution services.
A licence does not mean that ASIC endorses the company, financial
product or advice or that you cannot incur a loss from the
investment. ASIC grants a licence if a business shows it can meet
basic standards such as training, compliance, insurance and dispute
resolution. The business is responsible for maintaining these
standards. The ASIC Connect Professional Registers will tell
you if the company or person holds an AFS licence.
Last updated: 28 Sep 2017