Australian Financial Services Licensing (AFSL) Forum

This topic contains 2 replies, has 3 voices, and was last updated by  Kevin Lacey 3 years, 3 months ago.

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  • #5051 Reply

    TassieDocker
    Member

    Considering seeking an AFSL for FX advisory to wholesale businesses. Are there any examples of successful applications for a one man company?

    #5073 Reply
    Grant Holley
    Grant Holley
    Member

    Thank you for your question.

    We have assisted a number of companies to obtain an AFSL for FX advisory to wholesale business.

    The process for applying for an AFSL, and the requirements on licensees, are the same, whether you are a one man company or a larger firm with multiple employees.  Maintaining your own AFSL costs a significant amount of time and money, as knowledge, resources and training are required to keep up-to-date with products, regulatory changes and compliance requirements.

    ASIC’s Licensing Kit has information about the application process.  For information regarding obligations that apply to licensees, we recommend that you have a look at Regulatory Guides 104, 105, 126 and 166.

    ASIC is currently taking a cautious approach to applications for FX advisory licenses.

     

    For further information about applying for an AFSL, please contact our licensing team.

     

    #5229 Reply

    Kevin Lacey
    Member

    Hi TassieDocker,

    I would certainly be able to help you with this, as our licence has this ability and we are currently searching for savy people to partner with us in this spectrum and more!  You would have access to our unique licence along with our call centres & branding to help build your business further also.

    Please feel free to contact me on 0457 380 484 or kevin@firstindex.com

    Kind Regards

    Kevin

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