Australian Financial Services Licensing (AFSL) Forum

Home Forums Australian Financial Services Licensing (AFSL) Forum Seeking AFSL holder to become AR: establishing funds and IPO related services

  • This topic has 2 replies, 3 voices, and was last updated 10 months ago by Glenn Hall.
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  • #4296 Reply

    moreak
    Member

    Does anyone have the AFSL that is authorized to setup funds (property fund investing domestically and fixed income fund investing overseas)? We would like to negotiate and borrow the license. Many thanks!

    #4297 Reply

    Paul Derham
    Member

    Hi Moreak,

     

    Thanks for your question.

     

    There are three ways to provide activities that require licensing in Australia and this does not include borrowing another business’s licence.

     

    The three options include:

    1. Applying for an AFSL;
    2. Becoming an Authorised Representative (“AR”) under an existing AFSL; or
    3. Buying an existing business (e.g. company) that holds an AFSL.

     

    If you consider becoming an AR under an existing licence, you should be mindful that the AFS licensee can be very stringent with its due diligence process and ongoing monitoring procedures.

     

    Licensees that “rent” or “lend” their licences to other parties may be scrutinised by ASIC because “borrowing” a licence is not within the intention of the law.

     

    We can assist you with any of the above options.  Please contact our financial services team for further information.

     

    Author: Paul Derham

    #7179 Reply

    Glenn Hall
    Guest

    Hi Team,
    Greetings for the day.
    We would like you to help us set up a new business in Australia in the equity research domain wherein we will be providing general recommendations / suggestions to our clients, mentioning what (Stock) to buy/sell/hold or expensive. This will not include any kind of trading platform or brokerage or commissions on trading. We will be just selling advisory reports on a subscription basis.
    If it’s possible, we would like to start a brand new company in Sydney, Australia.  I think to begin with, someone can help us set up a small/medium size entity in Sydney and help us take care of all the legal documentation.
    We will be operating with just 4-5 employees in the beginning and later we will be extending the team size to around 20-25.
    Kindly share all the legalities and documentation required.
    while you help us apply for a new one?
    Looking forward to hearing from you.<
    Cheers,
    Glenn

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