ASIC has updated Regulatory Guide 236 Do I need an AFS licence to participate in carbon markets?
(RG 236).
ASIC’s guidance is intended to assist carbon market participants to understand their financial services licensing obligations.
RG 236 provides guidance for participants in the carbon markets including people involved in the Australian Carbon Credit Unit (ACCU) scheme, responsible emitters for safeguard facilities, market intermediaries and advisers to participants in the carbon market.
These activities may involve providing financial services, such as financial product advice, or dealing in emissions units regulated as financial products, including ACCUs and Safeguard Mechanism Credits (SMCs).
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Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.
