ASIC cancels AFS licence for Sydney firm

ASIC/ban/AFS-Licence/

12 July 2017
| By Oksana Patron |
image
image
expand image

The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Sydney-based firm, Grey Oak Services for failing to lodge its financial statements and auditor’s reports.

According to ASIC, the company did not lodge the reports for the 2013, 2014, 2015 and 2016 financial years.

The cancellation of Grey Oak Services’ AFS licence was part of ASIC’s ongoing efforts to improve standards across the industry.

ASIC said that Grey Oak Services obtained its licence in January 2013 and since then the company had failed to lodge the respective reports.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND