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.