The Australian Securities and Investments Commission (ASIC) was established in 2001 and is now the regulator of the Australian foreign exchange retail industry.
According to the ASIC Act, any financial institution engaged in financial transactions in Australia must get ASIC certification and apply for Australian Financial Services License (AFS Licence).
Similar to FCA,ASIC provides 3 types of licenses including AR(Authorized Representative)、STP and MM.ASIC AR license means license holder apply under a ASIC Market Maker broker(MM) and don't need to deposit money in segregated account.MM license holder must have 1 million AUD paid-up capital.
After registering an Australian company,ASIC will give two codes:ABN code and ACN code which mean the code of the entity .If the company want to be engaged in financial related business,it must apply Australian Financial Services License(AFSL) and get AFSL regulation code.
1.ASIC license holder requirement：
（1）Must register a Australian local company and have actual operation activity in Australia；
（2）Must appointment a Australian local ASIC-licensed talents to act as director
（3）Deposit requirement(No requirement for AR and STP license;MM license holder must have 1 million AUD paid-up capital)
2.ASIC MM license holder brokers includes：
Register an Australian company-Appoint local director-Draft application materials-Get AR authorization-Submit documents to ASIC
AR license:1month;STP:3-5months license:Around 1 year
6.ASIC MM license's authorization:
Phone: +65 83759845
Tel: +65 83759845
Whatsapp: +65 83759845
Add: #18-01,Marina Bay Financial Center Tower 1,Singapore,018984