Vittorio Casamento – Partner, Norton Rose Fulbright Australia

Russell Afifi – Senior Lawyer, navigator Simmons & Simmons

John Paul Zammit – Managing Associate Simmons & Simmons

Australia's New Licensing Regime for Foreign Financial Service Providers – What You Need to Know

With draft legislation reintroduced to the Australian Parliament and transitional reliefs extended until 31 March 2027, now is the time for foreign financial service providers to understand what lies ahead.

In this episode, Russell Afifi and JP Zammit of Simmons & Simmons are joined by Vittorio Casamento of Norton Rose Fulbright to discuss the proposed reforms, including the new Comparable Regulator Exemption and expanded Professional Investor Exemption, and what firms should be doing now to prepare.

Topics covered include:

• The current regime and extension of existing reliefs
• Key changes under the proposed legislation
• Eligibility and application requirements
• Practical steps to prepare and likely timeline for implementation

Essential listening for asset managers and institutions exploring or currently operating in the Australian market.

With Amrit Mclean Global Head of De-risking Simmons & Simmons and Special Guest Shreyas Sridhar, Managing Director at Canada Life.

With Amrit Mclean Global Head of De-risking Simmons & Simmons and Special Guest Joe Wren Partner at Simmons & Simmons

Welcome to the Simmons & Simmons podcast series on the European Commission’s Market Integration Package. In this series, we explore the Commission’s latest legislative proposals aimed at facilitating greater integration of EU financial markets under the Savings and Investment Union strategy. Each episode breaks down the key elements of the package and examines what these changes mean in practice for market participants across the EU. Join our experts as we discuss the legal, regulatory, and strategic implications of these reforms, and provide practical insights to help you navigate the evolving landscape of EU financial markets.

In the first episode, our regulatory lawyers Betül Kohlhäufl and Noujan Akbari provide a high-level overview of the European Commission’s Market Integration Package, its strategic aims and role within the Savings and Investment Union as well as the main legislative proposals. Listeners will gain insight into why market integration matters for the EU financial sector, what’s changing, and what these reforms mean for different market participants.