12 September 2012 — People registered to provide financial services in emissions units need to apply now for an Australian financial services licence, ASIC has warned. From 1 July 2012, emissions units recognised under the carbon pricing mechanism were also financial products under the Corporations Act 2001. People who registered their intent to provide financial services in emissions units earlier this year must now apply for an AFS licence by no later than 31 October 2012. New entrants to the carbon markets can apply for an AFS licence or licence variation with an authorisation for emissions units at any time. ASIC must issue an AFS licence before services are provided. ASIC has developed a range of resources to help apply for an AFS licence or vary a current licence. For details visit ASIC’s carbon webpage at www.asic.gov.au/carbon.