April 6 (Reuters) - Australian Securities & Investments Commission:
- BINANCE AUSTRALIA DERIVATIVES – AFS LICENCE CANCELLED
- CANCELLED AUSTRALIAN FINANCIAL SERVICES LICENCE HELD BY OZTURES TRADING PTY TRADING AS BINANCE AUSTRALIA DERIVATIVES
- LICENCE CANCELLATION WAS EFFECTED ON APRIL 6 IN RESPONSE TO REQUEST TO CANCEL RECEIVED FROM BINANCE ON APRIL 5
- POST CANCELLATION, FROM 14 APRIL, BINANCE CLIENTS WILL NOT BE ABLE TO INCREASE DERIVATIVES POSITIONS OR OPEN NEW POSITIONS WITH BINANCE
- FOLLOWING CANCELLATION, BINANCE WILL REQUIRE CLIENTS TO CLOSE ANY EXISTING DERIVATIVE POSITIONS BEFORE 21 APRIL 2023
- FOLLOWING CANCELLATION, ON 21 APRIL, BINANCE WILL CLOSE ANY REMAINING OPEN POSITIONS
- BEEN CONDUCTING TARGETED REVIEW OF BINANCE FINANCIAL SERVICES BUSINESS IN AUSTRALIA, INCLUDING ITS CLASSIFICATION OF RETAIL & WHOLESALE CLIENTS
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