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RE Services

NEW OR UNLICENSED FUND ACCREDITATION

"From Unauthorised to Authorised Financial Services Provider in a matter of Days"

A STRATFUND INTERMEDIARY AUTHORISATION ALLOWS AN UNLICENSED PRODUCT PROVIDER TO CARRY ON A BUSINESS INVOLVING THE PROVISION OF A FINANCIAL SERVICE OR PRODUCT.

Stratfund Ltd is authorised to, subject to the product provider entering into an arrangement with Stratfund, accredit and authorise unlicensed financial product providers with the required authorisations within days.

What is an intermediary authorisation?

An intermediary authorisation allows an unlicensed product provider to operate by entering into an arrangement with an Australian Financial Services Licence (AFSL) holder.

The financial service provided under such authorisation must be the “issue, variation, or disposal” of a financial product (per the terms of that intermediary authorisation). It does not exempt any advice activities, but product issuers may be able to access a separate exemption for general advice.

For said intermediary authorisation to be valid, the arrangement must include a written agreement that:

  • Authorises the AFS licensee to make offers to arrange for the product issuer to issue, vary or dispose of the financial products;

  • Specifies that the product issuer will issue, vary or dispose of the products in accordance with any offers made by the licensee; and

  • Only involves offers made by the licensee that are covered by the authorisations on that licensee’s AFS licence.

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What does such an authorisation from Stratfund include?

Effectively, an intermediary authorisation from Stratfund enables prospective clients to use our licence, under our supervision, to provide a financial service and/or product in a regulatory and legislatively compliant manner.

 

Stratfund’s AFSL for Hire services includes but is not limited to:

  • Monitoring operational compliance (re. compliance plan, constitution, etc.)

  • Monitoring regulatory compliance

  • Monitoring legislative compliance

  • Custody services

  • Liaison with ASIC

  • Back-office solutions, including but not limited to:

    • Offer or Disclosure Document production

    • Scheme administration

    • Registry management

    • Unitholder reporting

    • Fund Accounting

    • Personnel Training

Financial products include products such as shares, bonds, superannuation, interests in managed investment schemes, general insurance, derivatives, and margin lending facilities.

Stratfund’s team can assist prospective clients in obtaining an intermediary authorisation from us within days. There is generally no reason why entities should have to wait for long extended periods before they can conduct the business they would like to.

Who Uses Our Services?

Our services would typically be sought by:

  • Promoters or Investment Managers wishing to establish an investment scheme in Australia

  • Investors wanting to replace their existing trustees or responsible managers, or

  • Trustees who would like to be replaced as trustees and released from their duties and obligations.

If you would like to know more about our services please contact us

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