1. This licence authorises the licensee to carry on a

financial services business to:

(a) provide general financial product advice only, for the following

classes of financial products:

(i) interests in managed investment schemes limited to:

(A) own managed investment scheme only; and

(ii) securities;

(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) interests in managed investment schemes limited to:

(I) own managed investment scheme only; and

(B) securities; and

(ii) applying for, acquiring, varying or disposing

of a financial product in respect of the following classes of financial products on behalf of another person in respect of the following classes of products:

(A) deposit and payment products limited to:

(1) basic deposit products;

(2) deposit products other than basic deposit products;

(B) derivatives; and

(C) general insurance products;

(D) interests in managed investment schemes excluding investor directed portfolio services; and

(E) securities; and

(C) provide the following custodial or depository services:

(i) operate custodial or depository services:

to wholesale clients.

•  Two part-time responsible managers standby

• no operation

• dormant

• Long history license

• No complaints, breaches

• Professional indemnity up to date