ASIC has cancelled the Australian financial services (AFS) licence of APBG Capital Pty Ltd (APBG Capital).Ìý
The license authorised APBG Capital to deal in interests in managed investment 91AVs and provide general financial advice to wholesale clients.ÌýÌý
ASIC cancelled the license because APBG Capital has ceased to carry on a financial services business.Ìý
APBG Capital may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.Ìý
BackgroundÌý
APBG Capital has held AFS licence no. 481677 ²õ¾±²Ô³¦±ð 30 May 2016.