The Australian Securities & Investments Commission (ASIC) has launched a consultation on remaking its relief instrument that exempts certain securitisation entities from holding an Australian financial services (AFS) licence. The current relief, ASIC Corporations (Securitisation Special Purpose Vehicles) Instrument 2016/272, is due to expire on 1 April 2026, and ASIC proposes to extend it on largely the same terms for five and a half years. The instrument provides an AFS licensing exemption where a securitisation entity holds a securitisation product as a custodian or trustee, or issues a securitisation product to an AFS licensee, an entity exempt from holding an AFS licence, or a wholesale client. ASIC noted the relief continues earlier class order relief and that legislative instruments sunset after 10 years unless preserved. Submissions are due by 5pm AEDT on 20 February 2026.
Australian Securities & Investments Commission 2026-01-20
Australian Securities & Investments Commission consults on extending relief from Australian financial services licensing for securitisation special purpose vehicles
The Australian Securities & Investments Commission (ASIC) is consulting on extending its relief instrument exempting certain securitisation entities from holding an Australian financial services licence, with the current instrument set to expire on 1 April 2026. ASIC proposes to extend the relief for five and a half years, with submissions due by 20 February 2026.