Australian Financial Services Licence

An Australian Financial Services Licence (AFSL) is a regulatory authorization granted by the Australian Securities and Investments Commission (ASIC) that allows individuals or companies to provide financial advice or deal in financial products legally in Australia. It ensures licensees meet strict standards regarding conduct, competence, and financial sustainability, aiming to protect consumers and maintain confidence in the financial services industry. Holding an AFSL indicates that the licensee complies with relevant laws, operates ethically, and maintains appropriate systems and procedures to serve clients responsibly.