ASIC has developed a regulatory guide, Do I need a licence to participate in carbon markets? (RG 236) to help people determine whether they require an AFS licence to provide financial product advice and other financial services in emissions units.

Registrations for those involved in either advising, dealing, making a market or providing a custodial or depository service in relation to emissions units can be lodged with ASIC from 1 May until 30 June 2012.

Applications for registration must be made in Form FS91.