The Australian Securities and Investments Commission (ASIC) has suspended the Australian financial services (AFS) licence of fund manager Edisons Global Pty Ltd for six months.
The suspension will last until 30 May 2025.
ASIC suspended the licence after Edisons failed to comply with certain obligations required of AFS licensees. Since its AFS licence was granted in 2021, Edisons failed to lodge its industry funding metrics or its annual financial statement, auditor report and audit opinion by the due date for the financial years, ending 30 June 2022 and 30 June 2023.
While the licence is suspended, Edisons may:
- continue to provide financial services reasonably necessary for, or incidental to, the winding down of any managed investment scheme it operates for wholesale…
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