Licensing and disclosure: Making the transition to the FSR regime

Important note
LICENSING AND DISCLOSURE: MAKING THE TRANSITION TO THE FSR REGIME
This publication is intended to be a helpful guide to the transitional provisions
for licensing and product disclosure. It describes what we see as the key
features of those provisions in a general way.
This guide is not intended to be comprehensive or to describe how the
transitional provisions will apply in every situation. This guide may not cover
some important aspects of the transitional provisions, and may simplify aspects
of them. You will need to read it together with the transitional provisions and the
FSR Act, as well as the regulations made on 8 October.
The contents of this guide are based on the transitional provisions and the FSR
Act as at the date of this publication, Thursday 25 October 2001, and the
regulations made on 8 October 2001 for the purposes of the transitional
provisions and the FSR Act. You will need to consider the effects on the
contents of this guide of any changes to the FSR Act and the transitional
provisions, including the proposed further regulations.
We intend to amplify the parts of this guide describing ASIC’s licensing process
in forthcoming process publications, such as the AFS Licensing Kit.
The contents of this guide do not constitute legal advice. You will need to
seek your own legal advice to find out how the transitional provisions and
regulations will apply to you.
We will consider any comments on this guide in the development, issue and
review of any transitional provisions policy that we may issue. At this time, we
do not intend to issue another version of this guide.
Australian Securities and Investments Commission — October 2001
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