VISION, MISSION & RESPONSIBILITIES

Australian Financial Security Regulatory

The AU-FINS is the independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Australia and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of AU-FINS and the Australian Bar Association, as well as Crypto-Asset Services Providers.

WHAT IS FINANCIAL REGULATION?

Financial regulator is a government or non-government body that regulates the financial activities of companies under its jurisdiction.

Analysis

Our brokerage regulation services employ rigorous data analysis to ensure compliance and transparency, enabling you to make informed decisions in a dynamic financial landscape.

  • Regulatory Compliance Assurance

  • Minimized Risk Through Evaluation

  • Building Investor Trust

  • Efficient Broker Selection

  • Data-Driven Insights

  • Your Licensing Partner

Monitoring Information

Our monitoring activities during the licensing process ensure that clients receiving licenses remain in strict compliance with regulatory requirements, offering you peace of mind. Total fines imposed on our clients for violations of the regulatory agreement.

  • Licensing

  • Regulatory requirements

  • Ensuring your peace of mind

  • Agreements

How does it work?

Cooperation

Cooperation with national regulators in different countries of the Australian (AU-FINS)

Analysis

We involve all employees in a thorough review and analysis of the company applying for our financial security certificate

People

We select only the best specialists in their field, which is why we are a leading company in the field of regulation

Statistics

We collect all company statistics from various sources during the security check

Strategies

We have developed our own strategy for checking companies for honesty and safety for users

Communication

Liaising with the Australian Commission and other Australian bodies to exchange information

Activity of financial regulators

How is the process of interaction with the financial regulator going?

The company approaches him with a desire to obtain a license. A license is something like an approval for doing business. To obtain it, the company must fulfill a number of requirements. These requirements vary by regulator. That is why many financial market participants respect some regulators, but not others. There are regulators that can be licensed simply by paying a couple of thousand dollars. And there are those who are really strict about their activities.

What's the next step?

Further, the company conducts its activities and at the same time constantly reports to the regulator about it. Provides information about their bank accounts, shows transactions and so on. If it violates the rules, the regulator notifies about it with the requirement to comply with everything. If the company does not comply, the license is revoked. Thus, if a company is regulated by one or better when several well-known and strict regulators, this indicates reliability. This means that it meets all modern standards and will not deceive customers.

So, the company fulfills all the requirements:

· Tweaks algorithms that check the suspiciousness of transactions;
· Shows its financial solvency;
· And so on.

What functions do regulators have?

Regulators have other functions. For example, educational. They can launch various programs to improve the financial literacy of citizens. Or conduct various studies and surveys.

Innovation hub

Innovation-related developments

Established in 2017, AU-FINS innovation hub helps innovative fintech and regtech businesses navigate the australian regulatory framework and provides a platform for domestic and international engagement on financial innovation-related developments.

This includes providing informal assistance to innovative businesses on their potential regulatory obligations, australia’s overarching regulatory framework, and, as appropriate, options relating to relief powers such as the commonwealth government’s enhanced regulatory sandbox.

AU-FINS approach to innovation

AU-FINS recognises the potential of innovative products and services in improving consumer choice and outcomes. our role is to balance responsible innovation while monitoring and upholding market integrity and protecting consumers.

AU-FINS promotes responsible innovation by:

1. Engaging with and offering informal assistance to innovative businesses on their potential regulatory obligations and the licensing process.
2. Administering the enhanced regulatory sandbox, which offers a limited licensing exemption for eligible fintechs to test innovative business models.
3. Fostering information sharing and cooperation on innovative developments through our external digital finance advisory panel, regtech liaison forums, regulator meet-ups, and regular interactions with peer regulators both domestically and internationally.
AU-FINS remains vigilant where there may be potential harm to consumers or market integrity from innovative businesses. our goal is to prevent and deter misconduct, improve standards and behaviors within our regulated population, and reduce the risk of harm to australian consumers and investors.

AU-FINS approach to regulatory technology

We recognize the significant potential of regtech to help firms build cultures of compliance, identify learning opportunities, and create efficiencies around regulatory matters. AU-FINS encourages firms to explore, test, and implement compliance-by-design solutions to enhance business procedures and consumer outcomes.

Our vision and strategic priorities

To realize our vision, we will utilize all our regulatory tools to:

1. Change behavior to deliver positive outcomes for consumers and investors.
2. Counter misconduct to maintain the trust and integrity of the financial system.
3. Promote a robust and innovative financial system.
4. Help australians take control of their financial lives.

Strategic priorities

We are committed to addressing the most significant threats and weaknesses in our regulatory environment and enhancing our capacity to do so.

2024-25

In 2024-25, our efforts will be guided by a set of strategic priorities and key strategic projects. our strategic priorities focus on the most significant threats and harms in our regulatory environment. we will explore the use of all our regulatory tools to achieve these priorities, including taking enforcement action when necessary.

Trust the process & get trading licence

With the increasing number of new brokerage firms always check their licence plate.

15

Licence Approve Rate

82

User Experience

92

Time spent on analysis

216

Applications for licensing