Licensing and disclosure: Making the transition to the FSR regime
Licensing and disclosure: Making the transition to the FSR regime
Licensing and disclosure: Making the transition to the FSR regime
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Contents<br />
LICENSING AND DISCLOSURE: MAKING THE TRANSITION TO THE <strong>FSR</strong> REGIME<br />
What this guide is about .........................4<br />
Our approach <strong>to</strong> <strong>the</strong> <strong>transition</strong>al provisions 6<br />
Your comments......................................9<br />
Section 1: <strong>Licensing</strong>.............................. 10<br />
1.1 What is <strong>the</strong> <strong>transition</strong> period?............ 11<br />
1.2 What law operates during <strong>the</strong><br />
<strong>transition</strong> period? ................................... 17<br />
1.3 What are <strong>the</strong> processes for moving<br />
<strong>to</strong> <strong>the</strong> new regula<strong>to</strong>ry <strong>regime</strong>?................ 25<br />
1.4 What law applies after <strong>the</strong> <strong>transition</strong><br />
period?....................................................41<br />
1.5 Special <strong>transition</strong>al arrangements for<br />
insurance agents <strong>and</strong> insurers ............... 44<br />
Section 2: Product <strong>disclosure</strong> .............. 48<br />
2.1 What is <strong>the</strong> <strong>transition</strong> period? .......... 49<br />
2.2 What law operates during <strong>the</strong><br />
<strong>transition</strong> period? .................................. 52<br />
2.3 What are <strong>the</strong> processes for moving<br />
<strong>to</strong> <strong>the</strong> new regula<strong>to</strong>ry <strong>regime</strong>?................ 54<br />
2.4 What law applies after <strong>the</strong> <strong>transition</strong><br />
period?....................................................57<br />
Section 3: <strong>Licensing</strong> <strong>and</strong><br />
product <strong>disclosure</strong> ...............................58<br />
3.1 How does <strong>the</strong> <strong>transition</strong> <strong>to</strong> <strong>the</strong> new<br />
licensing <strong>regime</strong> relate <strong>to</strong> <strong>the</strong> <strong>transition</strong><br />
<strong>to</strong> <strong>the</strong> new product <strong>disclosure</strong> <strong>regime</strong>?... 59<br />
Key terms............................................ 60<br />
Related papers .....................................63<br />
To find out more about <strong>FSR</strong>..................65<br />
Australian Securities <strong>and</strong> Investments Commission — Oc<strong>to</strong>ber 2001<br />
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