Tag: ASIC cancels licence

April 12, 2017 BY Valentina Kirilova

ASIC cancels AFS licence of responsible entity DD&D Securities

ASIC has cancelled the Australian financial services (AFS) licence of DD&D Securities Ltd (AFS licence 221147) for failing to comply with a number of its key obligations as a financial services licensee. In particular, ASIC found that DD&D Securities failed to: maintain membership with an external dispute resolution scheme approved by ASIC; lodge its financial…

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January 04, 2017 BY Valentina Kirilova

ASIC cancels Vontelle Pty Ltd credit licence

ASIC has cancelled the Australian credit licence held by Vontelle Pty Ltd (Vontelle). ASIC found that from around September 2016, Vontelle had not complied with its obligation to maintain the competence to engage in credit activities. In particular, ASIC was concerned that although Mr James David Gibbs was listed as the key person for the…

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August 23, 2016 BY Valentina Kirilova

ASIC cancels the registration of 133 SMSF auditors

ASIC has cancelled the registration of 133 approved self-managed superannuation fund (SMSF) auditors who did not lodge their annual statements. On July 28, 2016, ASIC sent a final warning to 185 approved SMSF auditors with outstanding annual statements. ASIC had alerted these auditors on a number of occasions that their registration would be cancelled if…

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August 04, 2016 BY Valentina Kirilova

ASIC cancels licence of Pacific Millennium International Investment Group Pty Ltd

Australia financial regulator ASIC has cancelled the Australian financial services (AFS) licence of Pacific Millennium International Investment Group Pty Ltd (PMIIG) after it was found to have breached the obligations of a financial services licensee. PMIIG was authorised under its AFS licence to provide general financial advice and dealing services to wholesale clients, among other…

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July 20, 2016 BY Valentina Kirilova

ASIC cancels AFS licence of ICBC Capital Limited

ASIC has cancelled the Australian Financial Services (AFS) licence of corporate advisory and venture capital firm ICBC Capital Pty Ltd (in liquidation) (ACN140 629 296). ICBC was formerly known as Komodo Capital Pty Ltd. ASIC took this action as ICBC had been placed in liquidation by the Supreme Court of New South Wales on March…

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