Australian regulator cancels AFS licence of APBG Capital
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of APBG Capital Pty Ltd.
The license authorised APBG Capital to deal in interests in managed investment schemes and provide general financial advice to wholesale clients.
ASIC cancelled the license because APBG Capital has ceased to carry on a financial services business.
APBG Capital, which has held AFS licence no. 481677 since 30 May 2016, may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.