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ASIC Financial License Approvals Fall Short of Timeliness Target

1 reports1 sourcesupdated 6 hours ago

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AI-assisted source synthesis · not an independent investigation.

A report dated October 19, 2026, stated that ASIC’s annual report showed that, during the 12 months ended June 30, the regulator received 803 applications to grant or vary Australian financial services licenses, but decisions were made on only 82% of applications within 240 days, falling short of the 90% processing timeliness target. ASIC attributed some of the shortfall to the migration of more than 300 pending applications to the licensing portal, as well as the increased review coordination required for complex business models such as digital assets and market making. At year-end, 507 applications were still being processed. The report also said that after digital asset regulatory reforms take effect, existing licensees may need to apply for additional authorization for digital asset and tokenized custody platforms.

AI-written from reports · updated 2 hours ago

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Oct 19
  1. Finance Magnates
    ASIC收到803份申请仍未达到金融服务牌照处理时效目标

    ASIC年报显示,在截至6月30日的12个月内,监管机构收到803份授予或变更澳大利亚金融服务牌照的申请,但仅82%在240天内作出决定,低于90%的目标。ASIC将部分短fall归因于新牌照门户迁移了300多份在审申请,以及数字资产和做市等复杂商业模式增加了审查协调工作。年末仍有507份申请在处理中,数字资产监管改革生效后,现有持牌机构可能还需申请数字资产和令牌化托管平台的额外授权。

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