Simmons Cross-Border Reg Podcast

Vittorio Casamento – Partner, Norton Rose Fulbright AustraliaRussell Afifi – Senior Lawyer, navigator Simmons & SimmonsJohn Paul Zammit – Managing Associate Simmons & SimmonsAustralia's New Licensing Regime for Foreign Financial Service Providers – What You Need to KnowWith draft legislation reintroduced to the Australian Parliament and transitional reliefs extended until 31 March 2027, now is the time for foreign financial service providers to understand what lies ahead. In this episode, Russell Afifi and JP Zammit of Simmons & Simmons are joined by Vittorio Casamento of Norton Rose Fulbright to discuss the proposed reforms, including the new Comparable Regulator Exemption and expanded Professional Investor Exemption, and what firms should be doing now to prepare. Topics covered include:The current regime and extension of existing reliefsKey changes under the proposed legislationEligibility and application requirementsPractical steps to prepare and likely timeline for implementationEssential listening for asset managers and institutions exploring or currently operating in the Australian market.