ASIC cancels AFS license of Remi Investment Services

ASIC has cancelled the Australian financial services (AFS) licence of Remi Investment Services Pty Ltd (RIS).

The licence was cancelled because RIS is no longer carrying on a financial services business.

The cancellation took effect on 27 November 2023.

Under the Corporations Act, ASIC may cancel an AFS licence held by a body corporate if it ceases to carry on a financial services business under s915B.

RIS may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.

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