ASIC is launching a new streamlined Professional Registers Search (PRS). Releasing in late June 2024, the PRS allows users to review and search all of the professional registers databases with just one search.
The new PRS provides a more intuitive experience for users, making it easier to access information and make sure the person or company you are dealing with is licensed.
The search has been designed with a ‘user-first’ approach, making it easier for anyone to find the information they need themselves.
User experience feedback will be collected through a survey tool on the homepage. This feedback will be used to inform continuous improvements to the search.
What’s changing and when
The first release of the Professional Registers Search is scheduled for late June 2024. The following ASIC Connect registers are moving across to the PRS:
Australian Financial Services (AFS) licensees,
AFS authorised representatives,
credit licensees,
credit representatives,
official liquidators,
registered auditors (registered company auditors and authorised audit companies),
registered liquidators,
registered managed investment schemes, and
approved self-managed super funds (SMSF) auditors.
Other search registers on ASIC Connect will not be impacted by the changes, including searching for company and business names.
A second update of the PRS is scheduled for late 2024, when all professional register extracts and documents will be made available.
A digitally enabled and data-informed regulator by 2030
The Professional Registers Search Project is a core part of the digital transformation of ASIC; an efficient data-driven regulator with a digital front door.
A core strategic priority for ASIC, we will provide a single, convenient and intuitive point of contact for all our stakeholders, including consumers and regulated entities, for their digital interactions with ASIC.
We are delivering secure, sustainable and scalable systems and processes, allowing us to continually improve. Pursuing new technologies and ways of working will allow us to remain relevant to our stakeholders and anticipate change in a dynamic regulatory landscape.
Our digital mindset ensures we are a data-informed regulator and advocate for innovation across the financial sector. We explore new services, sharing information and assets to increase regulatory compliance and reduce harm.
ASIC is Australia’s corporate, markets and financial services regulator.
