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Reply To: AFSL for sale | Compliance Forum

Australian Financial Services Licensing (AFSL) Forum

#6202 Reply

paulgerrard
Member

AFSL for sale now

Paul Gerrard

Hi,

A couple of years ago I sold my company with an AFSL.

Now, a friend wants to sell his company with an AFSL that has the following authorizations.
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>1. This licence authorises the licensee to carry on a</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>      financial services business to:</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>   (a) provide financial product advice for the following</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>         classes of financial products:</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>      (i) derivatives;</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>      (ii) foreign exchange contracts; and</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>      (iii) securities; and</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>   (b) deal in a financial product by:</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>      (i) issuing, applying for, acquiring, varying or</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>            disposing of a financial product in respect of</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>            the following classes of financial products:</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>        (A) derivatives; and</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>        (B) foreign exchange contracts; and</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>      (ii) applying for, acquiring, varying or disposing</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>            of a financial product on behalf of another</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>            person in respect of the following classes of</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>            products:</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>        (A) derivatives;</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>        (B) foreign exchange contracts; and</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>        (C) securities;</div>
<div style=”color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; white-space: nowrap;”>      to retail and wholesale clients.</div>
If you are interested please contact me.

Paul Gerrard … paul@pagex.biz … 0406 324477

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