JPI Investments Limited, regulated by the Financial Conduct Authority (FCA) of the United Kingdom, operates in strict compliance with international financial standards, including the Financial Action Task Force (FATF) Recommendations and the International Organization of Securities Commissions (IOSCO) Principles. Under Australian law, specifically the Corporations Act 2001 (Cth) and ASIC Regulatory Guide 234 (RG 234) regarding foreign financial services providers, foreign entities may legally offer financial services to Australian clients under certain exemptions, notably the foreign financial services provider exemption (FFSP) outlined in Section 911A(2)(f).
This exemption allows entities like JPI Investments to provide financial services in Australia without needing to obtain an Australian Financial Services (AFS) license, provided that the firm complies with the Australian Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) and meets the standards set out in the ASIC Regulatory Guide 165 (RG 165) on financial services conduct. As a UK-regulated firm, JPI Investments meets these global regulatory standards, including know-your-customer (KYC) and AML requirements, ensuring that our operations in Australia are fully compliant with both international and Australian norms.
Nevertheless, it is essential to recognize that Australian Securities and Investments Commission (ASIC) retains the authority to intervene should any activities be deemed to contravene Australian laws. Under Section 912A of the Corporations Act, ASIC has the power to take enforcement actions, which include imposing sanctions, investigating client complaints, or pursuing legal proceedings against foreign firms if they breach any applicable Australian laws or regulations, including the Corporations Act, AML/CTF Act, and ASIC Act 2001 (Cth). As such, despite the FFSP exemption, JPI Investments remains subject to Australian regulatory oversight and may be held accountable for any issues arising from our engagement with Australian clients.