Australia ASIC

About that Country :

ASIC (Australian Securities and Investment Commission) is the regulatory body in Australia, since 2006. It reviews and issues all Forex licenses, including the Forex License in Australia. In order to get authorized by ASIC you have to conform to several prerequisites like fitting and proper testing as well as prove your financial standing.

Procedure :

Business Description; an overview of your financial services business.

People Proofs for each responsible manager; (Statement of Personal Information, copies of qualification certificates; copy of a bankruptcy check; copy of a national criminal history check and copies of two business references.

Organizational Competence—this includes a Table of Organizational Competence and, if relevant, a Submission on a Responsible Manager’s Competence; and

Financial Statements and Financial Resources.

Risk-management ¬processes.

Compliance procedure manual