Home › Forums › Australian Financial Services Licensing (AFSL) Forum › Difference between a signal provider and PAMM? › Re: Difference between a signal provider and PAMM?
Whether you need an AFSL depends on whether you are in the business of providing financial services in Australia within the definition in the Corporations Act. If so, you will then need to consider whether the signalling service falls within the definition of a financial service, such as “financial product advice”. If the answer to both these questions is ‘yes’, then you will most likely need an AFSL whether you provide signalling services to the investments firm or to the public.
We are unable to provide a more definite answer without knowing a lot more about your circumstances. Contact our office if you want to seek legal advice.