The Australian Securities and Investments Commission (ASIC) has released details regarding the licensing and registration of financial services companies wishing to deliver services regarding emissions under the Australian Government’s carbon pricing mechanism.

 

ASIC Commissioner, John Price, said registration will help providers of financial services meet their licensing requirements under the Corporations Act 2001.

 

“From 1 July 2012, emissions units recognised under Australia's carbon pricing mechanism will be financial products. ASIC's priority is to help market participants understand and meet their obligations when providing financial services concerning these products,” Mr Price said.

 

Registrations for those involved in 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 2012 until 30 June 2012.

 

Applications to register to provide financial services in emissions units can be made here