AFS Archives - The Industry Spread

AAT affirms ASIC’s decision to refuse to grant a limited AFS licence

March 6, 2019

AAT has affirmed ASIC’s decision to refuse S & A Chalhoub Nominees Pty Ltd (Chalhoub Nominees) an Australian financial services (AFS) licence on the grounds that Nominees’ professional indemnity insurance was inadequate and manager, Mr Akram El-Fahkri, could not meet the knowledge requirements.