ASIC Retail FX, Derivatives Market Maker AFSL #147 For Sale
This licence authorises the licensee to carry on a financial services business to:
(a) provide general financial product advice for the following classes of financial products:
(i) deposit and payment products limited to:
(A) basic deposit products;
(ii) derivatives; and
(iii) foreign exchange contracts;
(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) derivatives; and
(B) foreign exchange contracts;
(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:
basic deposit products;
(B) derivatives; and
(C) foreign exchange contracts;
(c) make a market for the following financial products:
(i) foreign exchange contracts; and
(ii) derivatives;
to retail and wholesale clients.
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Directors / Responsible Managers / Key Persons
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2 Responsible Managers (RMs)
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1 Key Person (KP)
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Continuity of RM / KP
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Both can remain with the company.
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Duration and remuneration are negotiable.
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Complaints / Breaches
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None reported.
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Audit & Professional Indemnity (PI)
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FY25 audit will be completed before transfer.
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PI insurance is current and up to date.
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Status of License and Business
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Active and in good standing.
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Scope of Sale
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Sale includes license only.
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No clients or revenue included.
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Cash at Bank
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Sufficient cash retained to meet regulatory requirements.
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Bank Accounts
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Number of accounts and banking relationships can be confirmed upon request.
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PSPs / Payment Gateways / Platforms / IT Systems
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Multiple arrangements currently in place.
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Details will be disclosed to qualified buyers.
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Transfer of Arrangements (PSPs / Platforms)
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To be discussed; inclusion or removal subject to buyer negotiation.
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Monthly Operational Costs
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To be discussed.
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Staff & Office
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No staff currently in place.
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Fully established office available.
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For more information, please contact info@acpadvisory.com