Print The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence (AFSL) of embattled Halifax Investment Services. The cancellation took effect from 8 January, 2021, but the terms allowed the licence to continue on a limited basis until 7 January, 2022 for the purpose of: Ensuring that clients of Halifax continued to have access to an external dispute resolution scheme; Ensuring that Halifax continued to have arrangements for compensating retail clients, including the holding of professional indemnity insurance cover; and Providing financial services to retail or wholesale clients of Halifax limited to the termination of existing arrangements with clients. These conditions had been put in place so that the cancellation did not adversely affect past or current clients.