The corporate regulator has suspended the AFSL of Halifax Investment Services less than two months after voluntary administrators were appointed.
Halifax is based in Sydney with a partially-owned subsidiary in Auckland, New Zealand.
The suspension will be in place until 10 January 2020, ASIC said in a statement, and follows the appointment of Morgan Kelly, Stewart McCallum and Phil Quinlan, of Ferrier Hodgson, as joint voluntary administrators of Halifax on 23 November 2018.
ASIC said the terms of the AFS licence suspension allow the Halifax AFSL to continue in effect for the following purposes only:
Adrian Flores is a deputy editor at Momentum Media, focusing mainly on banking, wealth management and financial services. He has also written for Public Accountant, Accountants Daily and The CEO Magazine.
You can contact him on [email protected].
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