Review of the Regulatory Regime for Fund Management Companies and Exempt Financial Intermediaries
Proposed (i) revisions to the regulatory regime for fund management companies, and (ii) removal of the licensing exemption for exempt leveraged foreign exchange traders, with clarification on the exemption regime for exempt corporate finance advisers and exempt financial advisers.
Provides guidance to financial advisers about the FAA regime and covers topics including licensing requirements, exemptions, representative notification framework, business conduct and reporting requirements.
Provides guidance on the representations which exempt corporate finance advisers, exempt futures brokers and exempt OTC derivatives brokers are not allowed to provide.
Proposed (i) requirements for fund management companies (FMC) and representatives of licensed retail FMCs, and (ii) legislative amendments following the Review of the Regulatory Regime for Fund Management Companies and Exempt Financial Intermediaries consultation.
