Warning: Use of undefined constant WPE_CLUSTER_ID - assumed 'WPE_CLUSTER_ID' (this will throw an Error in a future version of PHP) in /home/customer/www/complianceforum.com.au/public_html/wp-content/mu-plugins/wpengine-common/plugin.php on line 14

Warning: session_start(): Cannot start session when headers already sent in /home/customer/www/complianceforum.com.au/public_html/wp-content/plugins/wordpress-social-login/wp-social-login.php on line 64

Warning: Creating default object from empty value in /home/customer/www/complianceforum.com.au/public_html/wp-content/plugins/wp-mail-logging/lib/vendor/redux-framework/inc/class.redux_filesystem.php on line 29

Warning: Use of undefined constant PWP_NAME - assumed 'PWP_NAME' (this will throw an Error in a future version of PHP) in /home/customer/www/complianceforum.com.au/public_html/wp-content/mu-plugins/wpengine-common/wpe-sec.php on line 63
Reply To: Providing automatic trading tool to foreign company | Compliance Forum

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)

 

 

  • Free answers to common Financial Services Regulation (FSR), Consumer Credit and AML/CTF issues.

    Click here to join our LinkedIn group for responsible managers and compliance professionals.
    joinUsOnLinkedIn
  • Training

    Regulatory Compliance Training for Directors, Responsible Managers and Compliance Staff

    View Courses

  • Legal Advice

    Review your AFSL or ACL disclosure documents, conduct a licensee audit and more…

    Get Legal Advice

  • Compliance support

    The HN Hub – an online platform built to support Responsible Managers and Compliance Staff

    More