Australian Financial Services Licensing (AFSL) Forum

Home Forums Australian Financial Services Licensing (AFSL) Forum Providing automatic trading tool to foreign company Reply To: Providing automatic trading tool to foreign company

#4873 Reply

David Court
Member

Hi,

 

Thank you for your question.

 

Generally, you will require an AFSL if you carry on a financial services business in Australia. Whether you are required to hold a license depends on a variety of factors.  For example: Are you going to be operating the trading tool/robot or the PAMM for the foreign company? Will any Australian clients be involved?

 

There are currently too many unknowns in relation to your product and your business for us to give you a definitive answer. Please contact our financial services team if you wish to discuss further.

 

Authors: Frank Li (Law Clerk) and David Court (Partner)

 

 

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