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Corporations (FinTech Sandbox Australian Financial Services Licence Exemption) Regulations 2020
In force
Administered by
Department of the Treasury
This item is authorised by the following title:
Corporations Act 2001
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F2020L00632
29 May 2020
-
31 October 2023
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Part 1—Preliminary
1 Name
2 Commencement
3 Authority
4 Simplified outline of this instrument
5 Definitions
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Part 2—Exemption from financial services licensing requirements for testing in the FinTech sandbox
6 Exemption for testing eligible financial services in the FinTech sandbox
7 Duration of the exemption
8 Grounds for ASIC deciding that the exemption is not available
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Part 3—When exemption ceases before the end of the testing period
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Division 1—When exemption ceases automatically
9 Not meeting certain limits will cause the exemption to cease automatically
10 Exempt financial services that can be provided to wholesale clients
11 Exempt financial services that can be provided to retail clients
12 Exposure limits for exempt financial services—total limit for products for each retail client
13 Exposure limits for exempt financial services—total limit for all services etc.
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Division 2—Other ways exemption can cease
14 Exemption ceases because of ASIC decision
15 Exemption ceases if provider notifies ASIC
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Part 4—Requirements for the exemption to exist
16 Lodging a valid notification for eligible financial services
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Part 5—Conditions for the exemption
17 Condition—notifying all clients before providing an exempt financial service
18 Condition—notifying retail clients before providing an exempt financial service
19 Condition—notifying clients while providing an exempt financial service
20 Condition—maintaining certain procedures, memberships and arrangements
21 Condition—statements of advice
22 Condition—client money obligations
23 Condition—financial product disclosure
24 Condition—make-good orders
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Part 6—Related matters
25 Exempt intermediaries for CSF offers
