Date Time
ASIC cancels AFS licence of Halifax Investment Services
ASIC has cancelled the Australian financial services (AFS) licence held by Halifax Investment Services Pty Limited (Halifax).
The cancellation took effect from 8 January 2021.
The terms of the AFS licence cancellation allow the Halifax AFS licence to continue on a limited basis until 7 January 2022, but only for the purposes of:
ensuring that clients of Halifax continue to have access to an external dispute resolution scheme;
ensuring that Halifax continues 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.