FOREIGN EXCHANGE DEALERS IN AUSTRALIA

The RBA no longer authorises foreign exchange dealers. In terms of the Financial Services Reform Act 2001 (FSR Act), which commenced on 11 March 2002, the licensing of all financial service providers (including foreign exchange dealers), when required by the Corporations Act 2001, is the responsibility of the Australian Securities and Investments Commission (ASIC).

Details on the FSR Act, ASIC's licensing policy and procedures, and a register of AFS licensees, are available through the Financial Services homepage on ASIC's website.