"This decision has no bearing on S&P Fund Services," S&P said.
"While S&P provides both credit rating and fund rating services to the Australian market, the two businesses are legally and operationally separate.
"S&P Fund Services continues unchanged as a leading research house serving product manufacturers and the retail wealth management industry."
But it said it would apply for a wholesale AFSL for its credit ratings business under the terms of the new regulatory framework being introduced by ASIC.
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