The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Velos Global Markets Pty Ltd.
The licence cancellation took effect on 23 September 2025.
ASIC cancelled the AFS licence under section 915B(3) of the Corporations Act 2001(Cth) after it became aware that Velos had ceased to engage in financial services. The regulator found that Velos has not carried on a financial services business since in around May 2024.
Velos has the right to appeal to the Administrative Review Tribunal for a review of ASIC’s decision.
