RG 105
AFS licensing: Organisational competence
Issued 23 June 2022. This is a guide for Australian financial services (AFS) licensees and AFS licence applicants.
In plain English
RG 105 explains how AFS licensees and applicants must demonstrate organisational competence to ASIC.
RG 105 applies to Australian Financial Services (AFS) licensees and those seeking an AFS licence. It details requirements for organisational competence, including governance, risk management, and resources. The guide was issued on 23 June 2022 and helps ASIC assess suitability for licensing.
Why it matters
This guide helps AFS businesses show they have the right systems and people. It’s important for maintaining a valid AFS licence and avoiding issues with ASIC.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-105-afs-licensing-organisational-competence/. Rules Mate indexes + summarises; always verify against the regulator's live publication.