In this post , you will get to know about the AFSL Authorised Representative. Australian Financial Service License (AFSL) is appointed by an organization called ASIC. Check out it for more information.
1. A BRIEF ON AFSL AUTHORISED
REPRESENTATIVE
Owning a financial service business
comes with great responsibility.
That’s why it is important for such
businesses to get a license that
allows them to provide financial
services. Australian Financial
Service License (AFSL) is appointed
by an organization called ASIC.
Every business that offers financial services must have this license. The
Australian Financial Service (AFS) licensee can appoint a representative to
offer the financial services on their behalf. One thing to know here is that
a licensee cannot become someone else’s representative.
https://mfam.com.au/
2. THE FOLLOWING ENTITIES CAN BECOME THE
AUTHORISED REPRESENTATIVES:
The financial service provider must
have this license from the first day of
offering the service. An employee or
director of the licensee is the
representative (does not have to be
an authorised representative) which
allows them to deliver the service.
At the end
There you have it! This is what you need to know about AFSL authorised
representative if you’re considering a financial service business. You can get
in touch with the team at MF & Co. Asset Management if you want to get a
professional’s guidance on this license. We are a group of financial experts
who are experienced and well-knowledgeable.
https://mfam.com.au/services/afsl-authorised-rep-services/
individuals,
bodies corporate,
partnerships, or
a group of individuals
and/or bodies corporate
that are the trustees of a
trust.