AFSL Application and Compliance

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An AFSL application or variation can be complex and time consuming, especially for people new to the process. If not completed correctly in accordance with the relevant ASIC regulatory guidelines there can be extensive time delays.

Cowell Clarke’s Financial Services team have the experience to ensure your application is lodged correctly the first time, and has seamlessly processed variations for clients.

We offer guidance through the application process, including:

  • considering the appropriate authorisations, Responsible Managers, and removal of Key Person condition

  • preparing and lodging the application

  • liaising with the ASIC assessors to see follow the application through

  • assisting with AFSL variations.

Ongoing AFSL compliance support

Keeping up with compliance obligations and ongoing changes to the regulatory environment is complex and keeps you from the other fundamentals of establishing and building a successful financial services business.

We can help you.

Our comprehensive AFSL Compliance Support Service provides a risk management solution that is more than just an online portal. Behind it are our financial services specialists with real world experience delivering legal advice that is practical and commercial.

It is just one of the legal solutions that we provide to AFSL holders including those providing financial advice, funds management and non-cash payments services and their Representatives.

Our annual subscription includes:

  • Portal reminders of tasks to be completed to ensure ongoing AFSL compliance.

  • Regular news feeds of relevant financial services updates and regulatory changes within the financial services industry.

  • Storage and use of the regulatory registers you are required to maintain for ensuring ongoing AFSL compliance.

  • A comprehensive suite of policies and procedures for you to implement in your financial services business.

  • A range of templates which you can access at any time including legal documents required by the regulators such as ASIC, AUSTRAC and the OAIC, and other commercial documents.

  • Exclusive invitations to Cowell Clarke CPD seminars.

  • Quarterly compliance meetings chaired and minuted by our financial services lawyers.

  • A HelpDesk to obtain general legal advice in relation to your licence authorisations and AFSL compliance issues.

  • Guides, FAQs, checklists and manuals which provide guidance on giving advice and all of the above.

Subscriptions are tailored to suit the small businesses to large national firms, from accounting firms with a limited AFSL authorisations through to firms with full AFSL authorisations with retail or wholesale clients, and non-cash payment providers.

Cowell Clarke's online AFSL compliance portal is managed by a legal team specialising in financial services law and regulation. Click here for more information on our specialist team and their experience.