IOSCO FinTech Task Force

IOSCO is the international body that brings together the world's securities regulators and is recognised as the global standard setter for the securities sector. IOSCO develops, implements, and promotes adherence to internationally recognised standards for securities regulation.

ASIC actively participates in various IOSCO committees and task forces including the IOSCO FinTech Task Force (formerly known as the Fintech Network) and the IOSCO working groups related to AI, Defi, Crypto and tokenization. For more information on IOSCO, visit www.iosco.org.

Global Finance Innovation Network (GFIN)

The Global Financial Innovation Network (GFIN) was formally launched in January 2019 by an international group of financial regulators and related organisations, including ASIC. ASIC is one of the coordination group members of the Global Financial Innovation Network (GFIN); a network with over 70 members including regulators, government bodies and international organisations.

The GFIN seeks to provide a more efficient way for innovative firms to interact with regulators, helping them navigate between countries as they look to scale new ideas. This includes a pilot for firms wishing to test innovative products, services or business models across more than one jurisdiction.

It also aims to create a new framework for co-operation between financial services regulators on innovation related topics, sharing different experiences and approaches.

During 2020-23, ASIC chaired the GFIN RegTech Ecosystem Special Unit which focused on information sharing and collaboration on the use of emerging technologies for compliance and supervisory purposes. As the Chair, ASIC produced three reports and hosted several virtual showcase events for the GFIN members and observers. For more information on the GFIN, visit www.thegfin.com.

International bilateral meetings

ASIC engages in regulator bilateral meetings with international regulators to share information and developments related to financial innovation.

ASIC meets with the following international regulators:

• UK Financial Conduct Authority (FCA)
• US Securities and Exchange Commission (SEC)
• European Securities and Markets Authority (ESMA)
• Monetary Authority of Singapore (MAS)
• Ontario Securities Commission (OSC)
• Autorité des marchés financiers (Quebec)
• Alberta Securities Commission (ASC)
• British Columbia Securities Commission (BCSC)

International referrals

Are you an Australian fintech business looking to expand overseas?

ASIC has signed international cooperation agreements with some of its financial regulatory counterparts that are designed to break down barriers to market entry.

If you’re eligible, we can formally refer your fintech business. This could help you meet the right people, set up important first meetings, and receive informal assistance in different regulatory environments.

Request a referral to an international financial regulator

International referral request form

To qualify for an international referral, you need to meet the ASIC Innovation Hub eligibility criteria. The Innovation Hub may request further information on your business before making a referral. Please submit your completed form (with any relevant attachments) to innovationhub@asic.gov.au.

Referral and information sharing agreements

Canada: ASIC-OSC cooperation agreement- ASIC CSA cooperation agreement

Hong Kong: ASIC-HKSFC cooperation agreement

Luxembourg: ASIC-CSSF arrangement

Malaysia: ASIC-SC cooperation agreement

Singapore: ASIC-MAS cooperation agreement

Switzerland: ASIC-FINMA cooperation agreement

UAE: ASIC-Abu Dhabi FSRA cooperation agreement - ASIC-Dubai DFSA cooperation agreement

United Kingdom: ASIC-FCA cooperation agreement - ASIC-FCA enhanced cooperation agreement

United States: ASIC-CTFC fintech arrangement

Information sharing agreements

China: ASIC-CSRC cooperation agreement

Indonesia: ASIC-OJK cooperation agreement

Kenya: ASIC-CMA cooperation agreement

Exchange of letters

Japan: ASIC-JFSA cooperation framework