User:Shimmi88/sandbox

Australasian Securities Dealers Association
The Australasian Securities Dealers Association (ASDA) was a not-for-profit body established by a group of stockbrokers and securities dealers. With its inception in Perth, Western Australia in 2010, ASDA grew into a national lobby group representing over 400 Australian Financial Services License (AFSL) holders who were clearing and executing their trades through the 42 members of the Australian Securities Exchange (ASX).

ASDA was primarily concerned with the development of the Future of Financial Advice (FoFA) regulation being developed by the Rudd/ Gillard Government under the stewardship of then Financial Services Minister Bill Shorten. With the issues being directed by the Stockbrokers Association of Australia (SAA), the members saw the need to engage the Government from the perspective of boutique AFSL's.

Additionally, ASDA engaged on market structure, regulation and developed its own education tools to meet the Compulsory Professional Development (CPD) obligations stipulated by the Australian Securities and Investments Commission (ASIC).

As exchanges and regulations were evolving globally, ASDA played a brief but important role in the development of financial markets structure, regulation and representation in Australia. The Abbott Government's election in 2013 entrenched the position of the non-participant AFSL holders as a valuable member of the industry and also saw the shelving of the industry association.