RG 98
ASIC’s powers to suspend, cancel and vary AFS licences and make banning orders
Issued 17 November 2022. This guide is for AFS licensees, their representatives, and advisers.
In plain English
This guide explains ASIC’s powers to change, cancel, or ban AFS licences, and to ban individuals.
RG 98 applies to Australian Financial Services (AFS) licensees, their representatives, and advisers. It details ASIC’s powers to suspend, cancel, or vary AFS licences. It also covers banning orders for individuals. The guide was issued on 17 November 2022.
Why it matters
AFS licensees need to understand ASIC’s powers. This helps ensure ongoing compliance and avoids potential licence changes or individual bans.
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-98-asic-s-powers-to-suspend-cancel-and-vary-afs-licences-and-make-banning-orders/. Rules Mate indexes + summarises; always verify against the regulator's live publication.