The Australian Securities and Investments Commission (ASIC) has extended its sector-wide no-action position for digital asset businesses to 30 September 2026.

The three-month extension gives firms providing financial services additional time to apply for or vary an Australian Financial Services (AFS) license.

ASIC has also expanded the scope of the relief to cover digital asset businesses operating under, or entering into, authorised representative or intermediary authorisation arrangements with an AFS license holder.

The regulator said the decision responds to industry transition challenges by supporting an orderly pathway to licensing while maintaining investor protection and market integrity.

The revised deadline also applies to firms requiring an Australian Market License or Clearing and Settlement facility license.

These firms must notify ASIC in writing of their intention to apply and complete a pre-meeting with the regulator.

ASIC updated Information Sheet 225 (INFO 225) in October 2025 to clarify how financial product and service rules apply to digital assets.

Since the update, ASIC has received approximately 30 license applications from digital asset businesses.

Firms relying on the extended no-action position must meet the full scope and conditions set out in ASIC’s updated class no-action letter.

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