Document ID: chunk:federal_register_of_legislation:F2024C01031:reg:17
Version: federal_register_of_legislation:F2024C01031
Segment Type: reg
Provision Reference: reg 17
Character Range: 25788–26822

17  Condition—notifying all clients before providing an exempt financial service
  The condition in this section is met for an eligible financial service if, before providing the financial service to a person as a retail client or wholesale client, the provider clearly and prominently discloses to the client that:
 (a) the provider is not authorised by an Australian financial services licence to provide the financial service; and
 (b) the provider is not an authorised representative of a financial services licensee for the provision of the financial service; and
 (c) the financial service is being provided under an exemption provided under the Corporations (FinTech Sandbox Australian Financial Services Licence Exemption) Regulations 2020; and
 (d) some of the normal protections associated with receiving financial services from a financial services licensee will not apply; and
 (e) the provider will notify the client in writing if any of the events referred to in paragraph 19(a) (which the provider must list) happens.