ASIC has canceled the Australian financial services (AFS) license of Strathnaver Capital Pty Ltd (AFSL 520366).

The license was canceled on the basis that Strathnaver Capital Pty Ltd has ceased to carry on a financial services business.

ASIC may cancel an AFS license held by a body corporate without a hearing if the body ceases to carry on a financial services business.

Strathnaver Capital Pty Ltd may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.

Background
Strathnaver Capital Pty Ltd has held AFS license 520366 since 10 June 2020.