ASIC cancels AFS licence of Capital Capital Pty Ltd
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Capital Capital Pty Ltd.
The license authorised Capital Capital to deal in interests in managed investment schemes to wholesale clients.
The regulator cancelled the licence on the basis that Capital Capital had failed to meet its financial reporting obligations.
Capital Capital, which has held AFS license no. 519946 since 20 January 2020, may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.