ASIC Revokes AFS Licence of Strathnaver Capital Pty Ltd
Source: Gin
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Strathnaver Capital Pty Ltd (AFSL 520366), following the cancellation of Family Wealth Strategy Pty Ltd's licence this month.
According to the regulator's announcement, the licence was cancelled on the basis that Strathnaver Capital Pty Ltd has ceased to carry on a financial services business.
ASIC may cancel an AFS licence held by a body corporate without a hearing if the body ceases to carry on a financial services business.
Strathnaver Capital Pty Ltd has held AFS licence 520366 since 10 June 2020.
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