Regulatory Alerts2025-10-03
ASIC cancels Australian financial services licence of Velos Global Markets Pty Ltd
The Australian Securities and Investments Commission cancelled the Australian financial services licence of Velos Global Markets Pty Ltd effective 23 September 2025 under section 915B(3) of the Corporations Act 2001. The regulator determined that Velos had ceased engaging in financial services business since approximately May 2024. Velos subsequently filed applications for review and stay with the Administrative Review Tribunal, but the tribunal dismissed both the stay application and the review application due to the company's failure to comply with procedural directions.
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