January 31, 2020 BY Steffy Bogdanova

ASIC imposes additional licence conditions on BGC

The Australian Securities and Investment Commission (ASIC) has imposed new conditions on the Australian financial services (AFS) licence of BGC Securities Australia (BGC) to ensure that BGC’s disposition can accommodate compliance with obligations related to fixed income solutions business. The additional conditions instruct the appointment of an independent expert for review and assessment of BGC’s…

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