Regulatory Alerts2025-06-16 | RG-105RG 105 AFS licensing: Organisational competence
The Australian Securities and Investments Commission issued this guide for Australian financial services licensees and applicants to clarify the organisational competence obligation under section 912A(1) of the Corporations Act. It details the specific criteria and standards the regulator examines when assessing whether entities meet this general obligation. The document serves as a reference for licensees to ensure their organizational structures and capabilities comply with regulatory expectations.
Issued 23 June 2022
This is a guide for Australian financial services (AFS) licensees and AFS licence applicants.
This guide describes what we look for when we assess compliance with the ‘organisational competence obligation’, which is one of the general obligations under s912A(1) of the Corporations Act.
Download RG 105 (PDF 533 KB)