Reports 6 – ASIC Credit Reform Update

Margin lending – ASIC reminds industry that AFS licence applications and variations to existing licences close 30 June 2010

Issuers of (and licensees whose employees and/or authorised representatives advise on) margin lending facilities have until 30 June 2010 to apply for an Australian Financial Services licence (AFSL) under new requirements passed by the Commonwealth Parliament.

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