INFO 229
Limited AFS licensees: Complying with your licensing obligations
This is Information Sheet 229 (INFO 229). It sets out the licensing obligations that apply to limited AFS licensees.
In plain English
INFO 229 explains the licensing duties for Australian businesses with limited Australian Financial Services (AFS) licenses.
INFO 229 applies to businesses holding a limited AFS license. It details their obligations under the Corporations Act. These include acting efficiently, honestly, and fairly. Licensees must also provide financial services to a standard that a reasonable person would expect. This information sheet was last updated by ASIC.
Why it matters
If your business has a limited AFS license, this guide helps you understand your legal responsibilities. Following these guidelines can reduce compliance risks and maintain a good relationship with ASIC.
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Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/for-finance-professionals/afs-licensees/limited-afs-licensees/limited-afs-licensees-complying-with-your-licensing-obligations/. Rules Mate indexes + summarises; always verify against the regulator's live publication.