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Australia Broker License

The financial services industry is considered a vast and somewhat complex industry to understand. It is essential for all Australia brokers to know who the regulatory body is and to comply with the standards and requirements set by the regulatory body. It is highly advisable to seek the assistance and comprehensive consultancy of a professional firm when applying for an Australia broker license as the process involved can be time consuming and difficult to navigate.

For information on how DeltaQuest can provide comprehensive consultancy on all areas of Australia broker licensing and company formation, Contact DeltaQuest.

Australia Forex Broker Firms

The regulatory body in charge of regulating the Australia financial services industry is the Australian Securities & Investments Commission (ASIC). This regulatory body was established and operational in 1991 and impetus behind its creation was to replace the National Companies and Securities Commission (NCSC) and the Corporate Affairs Offices of the states and territories. ASIC is defined as an independent government body in Australia with the purpose of acting as Australia’s corporate regulator.

The establishment of the ASIC was primarily to enforce financial services laws and to regulate financial services institutions in Australia.

Since 2010, the scope of ASIC’s responsibilities extended to regulating finance broking, trustee companies and consumer credit companies.  For all forex broker firms seeking an Australia broker license, the applications will be made to ASIC and on approval of the application form you will be issued a broker license from ASIC.

The complete scope of responsibility and regulatory authority of ASIC can be found in the Australian Securities and Investments Commission Act 2001. The remit of the ASIC includes; corporate governance, securities and derivatives, insurance, consumer protection and financial services, to name a few. 

Obtaining an Australia Broker License

Applying for an Australia broker license is a time consuming and complex, so it is highly advisable to enlist the help and guidance of a professional consultancy firm for the application of an Australia broker license. It must be noted that in order to apply for an Australia broker license you must first form your company in Australia for the purpose of forex operations. You wil then need to submit the application form along with the Memorandum and Articles of Association and documentation demonstrating the internal and external operations of the company.

DeltaQuest can help you with your Australia broker license application and can also advise you on how to comply with the relevant laws and regulations. Our consultants will ensure your broker license is achieved in a timely and professional manner.

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