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Home Forums Australian Financial Services Licensing (AFSL) Forum AFSL to issue funds and also act as manager

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    RL

    just to check if this afsl can issue funds (backed by loans, mortgage or properties)as well as acting as manager. this afsl does not have dealing in securities.

     

    This licence authorises the licensee to carry on a

    financial services business to:

    (a) provide general financial product advice

    only, for the following classes of financial

    products:

    (i) interests in managed investment

    schemes excluding investor directed

    portfolio services;

    (b) deal in a financial product by:

    (i) issuing, applying for, acquiring, varying

    or disposing of a financial product in

    respect of the following classes of

    financial products:

    (A) interests in managed investment

    schemes limited to:

    (1) own managed investment

    scheme only; and

    (ii) applying for, acquiring, varying or

    disposing of a financial product on

    behalf of another person in respect of

    the following classes of products:

    (A) deposit and payment products

    limited to:

    (1) basic deposit products;

    (B) general insurance products; and

    (C) interests in managed investment

    schemes excluding investor

    directed portfolio services; and

    (c) provide the following custodial or depository

    services:

    (i) operate custodial or depository services

    other than investor directed portfolio

    services;

    to wholesale clients.

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Reply To: AFSL to issue funds and also act as manager

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