ASIC suspends licence of Celtic Equities Administration

The Australian Securities and Investments Fee (ASIC) has suspended the Australian Monetary Companies (AFS) licence of economic providers supplier, Celtic Equities Administration Pty Ltd for six months. The suspension got here into impact on October 19, 2023.

ASIC surveillance discovered Celtic Equities Administration did not:

  • lodge its monetary statements and audit report for the monetary years ended 30 June 2017 to 30 June 2022;
  • pay its excellent ASIC Business Funding Levies; and
  • pay excellent late cost penalties.

The regulator suspended Celtic Equities Administration’s AFS licence to present the supplier the chance to take the required steps to show it might meet its excellent compliance obligations.

If by the top of the suspension interval Celtic Equities Administration has not complied with the excellent compliance obligations, ASIC will contemplate cancelling the licence.

Celtic Equities Administration Pty Ltd AFS quantity 245486 has held AFS licence 225216 since 11 December 2003.