RG 167
AFS licensing: Discretionary powers
Issued July 2022. This guide is for Australian financial services (AFS) licensees and financial services providers.
In plain English
This guide explains ASIC’s discretionary powers when licensing Australian Financial Services (AFS) providers.
RG 167 is for AFS licensees and financial services providers. It details ASIC’s ability to grant, refuse, or modify AFS licenses. It covers factors considered when exercising these powers. The guide was issued in July 2022 and remains current.
Why it matters
Understand ASIC's discretion. This helps AFS licensees prepare thorough applications and address any concerns proactively. It clarifies how ASIC assesses suitability for an AFS licence.
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-167-afs-licensing-discretionary-powers/. Rules Mate indexes + summarises; always verify against the regulator's live publication.