The Australian Securities & Investments Commission (ASIC) has withdrawn ABL Funds Management’s license for continually falling short of reporting requirements.
The regulator cancelled ABL’s Australian financial services (AFS) licence following the company’s failure to meet statutory audit and financial reporting lodgement obligations for the financial years ending 30 June 2023, 2024 and 2025.
ABL, which has held the AFS license since 2014, can apply to the Administrative Review Tribunal to seek a review of ASIC’s decision.
