This licence authorises the licensee to carry on a financial services business to:
provide general financial product advice to retail and wholesale clients for the following classes of financial products:
deposit and payment products limited to:
basic deposit products;
interests in managed investment schemes excluding investor directed portfolio services;
securities; and
provide general financial product advice to wholesale clients only for the following classes of financial products:
derivatives;
foreign exchange contracts restricted to foreign exchange contracts utilised for the management of financial risk (hedging) which only have the purposes of:
management or mitigation of the financial consequences of particular circumstances happening; or
avoiding or limiting the financial consequences of fluctuations in the rate of exchange of foreign currency; and
deal in a financial product by:
issuing, applying for, acquiring, varying or disposing of a financial product to wholesale clients only in respect of the following classes of financial products:
derivatives;
foreign exchange contracts restricted to foreign exchange contracts utilised for the management of financial risk (hedging) which only have the purposes of:
management or mitigation of the financial consequences of particular circumstances happening; or
avoiding or limiting the financial consequences of fluctuations in the rate of exchange of foreign currency; and
interests in managed investment schemes limited to:
own managed investment scheme only; and
arranging for another person to issue, acquire, vary or dispose of a financial product to retail and wholesale clients in respect of the following classes of financial products:
interests in managed investment schemes excluding investor directed portfolio services; and
applying for, acquiring, varying or disposing of a financial product on behalf of another person in respect of the following classes of products to wholesale clients only:
deposit and payment products limited to:
basic deposit products;
derivatives;
foreign exchange contracts restricted to foreign exchange contracts utilised for the management of financial risk (hedging) which only have the purposes of:
management or mitigation of the financial consequences of particular circumstances happening; or
avoiding or limiting the financial consequences of fluctuations in the rate of exchange of foreign currency;
interests in managed investment schemes excluding investor directed portfolio services; and
securities; and
provide the following custodial or depository services to wholesale clients only:
operate custodial or depository services other than investor directed portfolio services
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