ob体育 has cancelled the Australian financial services (AFS) licence of DGR Bloodstock Services Pty Ltd (DGR).
The licence authorised DGR to provide financial product advice and deal in interests in managed investment schemes limited to horse racing to retail and wholesale clients.
ob体育 cancelled the licence because DGR has ceased to carry on a financial services business.
ob体育 may cancel an AFS licence held by a body corporate without a hearing if the body ceases to carry on a financial services business.
DGR may apply to the Administrative Appeals Tribunal for a review of ob体育鈥檚 decision.
Background
DGR has held AFS licence no. 288153 since 8 July 2005.