Australian Financial Services Licence

In July 2010 New Forests was granted a variation to its Australian Financial Services Licence ("AFSL," Licence No. 301556), originally authorised in 2006. The variation expands New Forests' authorisations, enhancing the company's capacity to provide quality financial services to wholesale clients.

New Forests' AFSL authorises the company to provide financial product advice for general insurance and basic deposit products, in addition to derivatives, interests in managed investment schemes and securities. It also supports the dealing capacity of New Forests by allowing the company to issue interests in managed investment schemes, in addition to derivatives, as well as providing the ability to apply for, acquire, vary and dispose of general insurance products and basic deposit products.

The AFSL ensures that New Forests' compliance and financial management systems are comprehensive and current, providing quality assurance to clients in Australia and globally. The licence is issued and monitored by the Australian Securities & Investments Commission, including annual compliance reporting and procedures.