ASIC cancelled the Australian financial services licence (AFS licence) of Velos Global Markets Pty Ltd (ACN 604 251 416) (Velos).

The AFS licence cancellation took effect on 23 September 2025.

ASIC cancelled the AFS licence under section 915B(3) of the Corporations Act 2001(Cth) after ASIC became aware that Velos had ceased to engage in financial services.

Velos has the right to appeal to the Administrative Review Tribunal for a review of ASIC’s decision.

Background

Velos held AFS licence number 500701 since 13 November 2017.

ASIC found that Velos has not carried on a financial services business since in around May 2024.