Vittorio Casamento – Partner, Norton Rose Fulbright Australia
Russell Afifi – Senior Lawyer, navigator Simmons & Simmons
John Paul Zammit – Managing Associate Simmons & Simmons
Australia's New Licensing Regime for Foreign Financial Service Providers – What You Need to Know
With draft legislation reintroduced to the Australian Parliament and transitional reliefs extended until 31 March 2027, now is the time for foreign financial service providers to understand what lies ahead.
In this episode, Russell Afifi and JP Zammit of Simmons & Simmons are joined by Vittorio Casamento of Norton Rose Fulbright to discuss the proposed reforms, including the new Comparable Regulator Exemption and expanded Professional Investor Exemption, and what firms should be doing now to prepare.
Topics covered include:
The current regime and extension of existing reliefs
Key changes under the proposed legislation
Eligibility and application requirements
Practical steps to prepare and likely timeline for implementation
Essential listening for asset managers and institutions exploring or currently operating in the Australian market.
Ireland