Funds Security

Trade with a licenced company

 

We know that being licensed is important for gaining your confidence. That is why we’d like to take the time to explain how the Australian Securities and Investment Commission (ASIC) and Financial Service Provider (FSP) works and make sure you know the facts and have peace of mind.

 

About ASIC

 

ASIC is Australia’s corporate, markets and financial services regulator. ASIC is an independent Commonwealth Government body, established under the Australian Securities and Investments Commission Act (ASIC Act). As the financial services regulator, ASIC license and monitor financial services businesses to ensure that they operate efficiently, honestly and fairly.

 

About FSP

 

The key objectives of the register are to provide an electronic register of FSPs, as mandated by the Financial Service Providers (Registration and Dispute Resolution) Act 2008, also increase the level of transparency of public information related to FSPs, their licensed services and their related dispute resolution schemes. Ensure certain people are prevented from being involved in the management of FSPs, such as those with specific criminal convictions, assist New Zealand to comply with its international obligations to prevent money laundering and the financing of terrorism.

 

About FDR

 

Financial Dispute Resolution Scheme was established by the Government as the reserve scheme to be part of a new regime to provide greater accountability and transparency in the financial sector. Under the regime, a wide range of Financial Service Providers (FSPs) must be registered to legally provide financial services. In order to register FSPs must be members of an external dispute resolution service, one of which is FDRS.