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Running a PAMM / MAMM account within Australia
Genel
içinde
Jun 06, 2015 at 15:43
Are you sure signals aren't classed as financial products? If they are, then you will need an AFSL.In your case, are you having any luck setting up a PAMM account? Every time I have tried I have been asked to provide my AFSL number.
Running a PAMM / MAMM account within Australia
Genel
içinde
Apr 21, 2015 at 06:55
Hello,Has anybody out there had any experience in running a PAMM account within Australia? It seems that you need an Australian Financial Services License (AFSL) to sell or run *any* financial product (insurance, financial planning etc). These are very expensive and time consuming to get, especially for small businesses. The costs are tens of thousands of dollars and regular (expensive) compliance auditing. What is usually done for smaller companies is that they become an "Authorised Representative" of the AFSL holder. In this case they come under the umbrella of the AFSL for a small...
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