This is a general financial services licence suspension with no evidence of payment-specific activities, breach of payments regulations, or involvement in any payments taxonomy category.
Oscar Oliver's historical business activities are not described as payment-related; the suspension is administrative for business cessation rather than regulatory breach.
Specialism
ASIC has explicitly suspended the AFS licence of Oscar Oliver Capital Ltd for four months under Section 915B(3)(a) of the Corporations Act, which is a formal enforcement action involving temporary removal of authorisation.
The suspension relates to the entity's failure to conduct regulated financial services activities, which implicates ongoing supervisory oversight and regulatory compliance monitoring.
2026-04-10 11:25:23·kgurnani@vixio.com
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TITLE: Australia's ASIC Suspends Financial Services Licence of Oscar Oliver Capital Ltd
BODY:
On 31 March 2026, the Australian Securities and Investments Commission (ASIC) suspended the Australian Financial Services (AFS) licence of Oscar Oliver Capital Ltd for four months, effective until 31 July 2026.
ASIC exercised its powers under Section 915B(3)(a) of the Corporations Act 2001 (Cth) to suspend the licence after determining that Oscar Oliver had ceased carrying on a financial services business since 2 July 2023. Under the Corporations Act, ASIC may suspend or cancel an AFS licence held by a body corporate if it ceases to conduct its regulated financial services activities. The suspension has been recorded on ASIC's Professional Registers, which maintain records of all licensed Australian financial services providers.
Oscar Oliver was incorporated on 22 January 2018 and has operated under multiple names throughout its history, previously trading as Veloce Funds Management Ltd (from 22 January 2018 to 28 January 2020) and Zenio Capital Limited (from 29 January 2020 to 6 January 2022). The entity held AFS licence number 506982 since 19 February 2019.
Oscar Oliver may seek a review of ASIC's suspension decision by applying to the Administrative Review Tribunal. The four-month suspension period provides an opportunity for the entity to either resume its financial services business or pursue formal review proceedings if it disputes ASIC's determination regarding the cessation of its regulated activities.
REFERENCES:
ASIC Newsroom, "ASIC suspends AFS licence of Oscar Oliver Capital Ltd," 31 March 2026, available at: https://asic.gov.au/