In the past two days, the Australian ASIC and Cyprus CySEC regulatory agencies have each publicly released the latest notices on the licenses and compensation qualifications of their two member institutions. Please inform relevant traders of this change.
ASIC Revokes Regulatory Licenses of Two Financial Companies
Today, the Australian Securities and Investments Commission (ASIC) announced the revocation of the Australian Financial Services (AFS) licenses of two companies, Capital Investment Partners Pty Ltd (Capital Investment Partners) and DGR Bloodstock Services Pty Ltd (DGR).
ASIC stated in a statement that the revocation of the licenses of these two companies is due to Capital Investment Partners and DGR ceasing their financial services business.
ASIC explained that if a legal entity ceases to engage in financial services business, ASIC may cancel its AFS license without holding a hearing.
It is reported that Capital Investment Partners obtained its AFS license on October 13, 2005, while DGR obtained its AFS license on July 8, 2005.
CySEC Revokes Two Member Investor Compensation Qualifications
Yesterday, the Cyprus Securities and Exchange Commission (CySEC) announced the revocation of the membership of two members of the Investor Compensation Fund (ICF). These two members are RMGHoldings Ltd and Trilt Ltd. CySEC pointed out that according to paragraph 6 of the investor compensation fund operation instruction D187-07, insured clients can still obtain compensation rights related to investment business before these two members are disqualified, and the insured client compensation procedure can still be started normally.
Previously, CySEC revoked the Cyprus Investment Company (CIF) licenses of RMG Holdings Ltd. and Trilt Ltd.
