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media release (23-162MR)

½ñÈÕÈÈÃÅʼþcancels AFS licence of APBG Capital Pty Ltd

Published

½ñÈÕÈÈÃÅʼþhas 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 schemes and provide general financial advice to wholesale clients.ÌýÌý

½ñÈÕÈÈÃÅʼþcancelled 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.