The Australian Securities and Investments Commission (ASIC) today announced the cancellation of the Australian financial services (AFS) licence of Strathnaver Capital Pty Ltd (AFSL 520366).

The licence, which had been held since 10 June 2020, 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 may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.