17Condition—notifying all clients before providing an exempt financial service

17 Condition—notifying all clients before providing an exempt financial service

The condition in this section is met for an eligible financial service if, before providing the financial service to a person as a retail client or wholesale client, the provider clearly and prominently discloses to the client that: (a) the provider is not authorised by an Australian financial services licence to provide the financial service; and (b) the provider is not an authorised representative of a financial services licensee for the provision of the financial service; and (c) the financial service is being provided under an exemption provided under the Corporations (FinTech Sandbox Australian Financial Services Licence Exemption) Regulations 2020; and (d) some of the normal protections associated with receiving financial services from a financial services licensee will not apply; and (e) the provider will notify the client in writing if any of the events referred to in paragraph 19(a) (which the provider must list) happens.