Australian Financial Services Licensing (AFSL) Forum

#5576 Reply

Andrew

Hi

I have an AFSL for sale with the following authorisations.
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>1. This licence authorises the licensee to carry on a financial services business to:</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(a) provide financial product advice to wholesale and retail clients for the following classes of</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>financial products:</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(i) deposit and payment products limited to: (A) basic deposit products;</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(ii) derivatives;</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(iii) foreign exchange contracts;</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(iv) interests in managed investment schemes</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>including:</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(A) investor directed portfolio services; and</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(v) securities; and</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(b) deal in a financial product by:</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(i) issuing, applying for, acquiring, varying or disposing of a financial product to wholesale clients in respect of the following classes of financial products:</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(A) derivatives; and</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(B) foreign exchange contracts; and</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(ii) applying for, acquiring, varying or disposing</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>of a financial product on behalf of another person to wholesale and retail clients in respect of the following classes of products:</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(A) deposit and payment products limited to: (1) basic deposit products;</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(B) derivatives;</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(C) foreign exchange contracts;</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(D) interests in managed investment schemes including:</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(1) investor directed portfolio services; and</p>
<p style=”margin: 0px; font-stretch: normal; font-size: 8px; line-height: normal; font-family: Verdana; color: #000000;”>(E) securities;</p>
The license has had very limited historical trading.

If you would like to discuss further please contact Andrew Martin at andrew@augurp.com.au

 

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