ASIC has cancelled the Australian financial services (AFS) licence of Menon & Associates Pty Ltd (489130).

The licence was cancelled on the basis that Menon & Associates Pty Ltd is no longer carrying on a financial services business.

ASIC may cancel an AFS licence held by an individual if the person ceases to carry on a financial services business.

Menon & Associates Pty Ltd may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.

Background

Menon & Associates Pty Ltd has held AFS licence 489148 since 27 June 2017.