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 excluding investor directed portfolio services: 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) derivatives;

(B) foreign exchange contracts;

(C) interests in managed investment schemes excluding investor directed portfolio services: and

(D) securities; and

(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:

(1) basic deposit products;

(2) deposit products other than basic deposit products;

(B) derivatives; and

(C) foreign exchange contracts;

(D) general insurance products;

(E) interests in managed investment schemes excluding investor directed portfolio services: and

(F) securities; and

(C) provide the following custodial or depository services:

(i) operate custodial or depository services other than investor directed portfolio services ;

to wholesale clients.

•  Two responsible managers can help with seamless transition

• Long history license

• No complaints, breaches

• Professional indemnity up to date