AFSL (Australian Financial Services Licence)

Licence required to provide financial services to Australian retail and wholesale clients.

An AFSL is issued by ASIC under Chapter 7 of the Corporations Act 2001. AFSL holders must comply with 10 general obligations under s 912A — efficient/honest/fair conduct, conflict management, adequate resources, competence, training, risk management, and dispute resolution. Authorised representatives (ARs) act under an AFSL holder's authority.