Well David, very good question. Here at Compliance Specialists Australia we see this often and the facts are, AR’s cannot operate under the FSG of their licensee. In practice, the FSG of the licensee is fundamentally different from the AR in respect to authorised products and services and numerous other material particulars. The licensee should assist and approve the FSG of the AR, only after review and tailor making to the needs and requirements of the AR. Should you need further clarification, please call one of our specialist’s staff.
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