Spring overhaul of Australia's market licensing regime

Australia's market licensing regime has long been crying out for an overhaul, with regulatory guidance that largely dates back to the early 2000s struggling in the face of significant developments in financial markets since then. Fortunately, ASIC has taken heed and is due to release an updated market licensing regulatory guide this month.

If the draft guidance is anything to go by, we should soon see a much more modern and flexible approach to market licensing.

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