ASIC has cancelled the Australian financial services (AFS) licence of Ivy League Capital Pty Ltd (Ivy League Capital).
This follows Ivy League Capital's failure to lodge audited financial reports for the year ended 30 June 2022 and all subsequent years for which it was required to lodge audited financial reports.
Ivy League also failed to maintain membership of the Australian Financial Complaints Authority (AFCA) scheme.
The cancellation takes effect from 17 November 2025.
Background
Ivy League Capital Pty Ltd held AFS licence number 514905, granted on 5 September 2019. It was authorised to carry on a financial services business to deal in and provide financial product advice in relation to deposit and payment products, interests in managed investment schemes and provide custodial or depository services to wholesale clients.
Ivy League has the right to appeal to the Administrative Review Tribunal for a review of ASIC's decision.
