ASIC has suspended the Australian financial services (AFS) licence of Vestiuum CSF Pty Ltd (Vestiuum) until 19 August 2025.

The AFS licence was suspended because Vestiuum has ceased carrying on a financial services since December 2021.

Vestiuum has taken steps to relaunching its financial services business. The suspension period will provide Vestiuum an opportunity to be in a position to resume its financial services business.

Vestiuum may apply to the Administrative Review Tribunal for a review of ASIC’s decision.

Background

Vestiuum held an AFS licence since 23 January 2019. The licence authorises Vestiuum to provide general product advice and crowd-funding services to retail and wholesale clients via an offer platform.