ASIC has cancelled the Australian Financial Services Licence of RVM Capital for failing to lodge its annual financial statements and auditor’s reports for three consecutive years.
RVM Capital held the AFSL no. 457140. The licence cancellation was effective from 21 January 2020.
The cancellation of RVM’s AFSL is part of ASIC's ongoing efforts to improve standards across the financial services industry.
Licensees must have the financial resources to provide the services covered by their licence and to conduct their business lawfully. They must demonstrate this by lodging their financial statements and auditor’s reports annually.
RVM Capital was licensed to provide financial product advice for securities and acquire securities for retail and wholesale clients.
Diverger has made an offer to acquire Centrepoint Alliance, a move that would create one of the largest licensees behind only Insignia and AMP.
The corporate regulator has outlined a key focus on product labelling and advertising.
The federal government has sought to clear up uncertainty about the status of crypto for tax purposes following the adoption of bitcoin as legal tende...
Get the latest news! Subscribe to the ifa bulletin
Get notifications in real time and stay up to date with content that matters to you.