ASIC Suspends AFS Licence of Oscar Oliver Capital Ltd for Four Months
Summary
ASIC suspended the AFS licence of Oscar Oliver Capital Ltd for a period of four months until 31 July 2026. The suspension was imposed under s915B(3)(a) of the Corporations Act 2001 after ASIC found the company had ceased carrying on its financial services business since 2 July 2023. The suspension has been recorded on ASIC's Professional Registers.
What changed
ASIC suspended the Australian financial services licence of Oscar Oliver Capital Ltd for four months until 31 July 2026. The action was taken pursuant to s915B(3)(a) of the Corporations Act 2001, which authorises ASIC to suspend or cancel an AFS licence when a body corporate ceases to carry on its financial services business. The company had held AFS licence number 506982 since 19 February 2019.
AFS licence holders must ensure they continue to carry on an active financial services business. Failure to maintain operations may result in licence suspension or cancellation by ASIC. Affected licensees may apply to the Administrative Review Tribunal for review of ASIC's decision.
What to do next
- Confirm your AFS licence status reflects active financial services business operations
- Update internal compliance records to reflect any licence status changes
- Review administrative review procedures for licence-related decisions
Archived snapshot
Apr 10, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Print Share On 31 March 2026, ASIC suspended the Australian financial services (AFS) licence of Oscar Oliver Capital Ltd (Oscar Oliver) for a period of four (4) months until 31 July 2026.
ASIC has suspended the licence pursuant to s915B(3)(a) of the Corporations Act 2001 (Cth) as ASIC found that Oscar Oliver had ceased carrying on a financial services business since 2 July 2023.
ASIC may suspend or cancel an AFS licence of a body corporate should it cease to carry on its financial services business.
The suspension has been recorded on ASIC’s Professional Registers.
Oscar Oliver may apply to the Administrative Review Tribunal for a review of ASIC’s decision.
Background
Oscar Oliver was incorporated on 22 January 2018, and has been previously known as Veloce Funds Management Ltd (between 22 January 2018 and 28 January 2020) and Zenio Capital Limited (between 29 January 2020 and 6 January 2022).
Since 19 February 2019, Oscar Oliver held AFS licence number 506982.
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