Why did ASIC cancel Eden Asset Management’s financial services licence?

The Australian Securities and Investments Commission (ASIC) cancelled the Australian Financial Services (AFS) licence of Eden Asset Management because the company has entered liquidation.

Did Eden Asset Management fight the licence cancellation by ASIC?

No, the enforcement action was executed with the full consent of Eden Asset Management’s appointed liquidators. The liquidators formally advised ASIC that the firm had entirely ceased commercial trading operations and no longer required its financial services credentials.

What legal authority did ASIC use to revoke Eden Asset Management's licence without a hearing?

Under Australian federal legislation, ASIC has the statutory power to cancel an AFS licence without a formal hearing if the holder becomes a Chapter 5 body corporate. This legal classification applies to any company that is under administration or being actively wound up, which fits Eden Asset Management's status in liquidation.

How long had Eden Asset Management been operating before its licence was cancelled?

Eden Asset Management had held its AFS licence (number 296466) since 13 February 2006. The regulatory cancellation marks the definitive end of an entity that operated as a registered participant in the domestic Australian financial sector for over twenty years.

Is Eden Asset Management still managing client funds or trading?

No, Eden Asset Management is no longer trading or managing assets. The firm's appointed liquidators explicitly confirmed to ASIC that the asset management company has entirely ceased all commercial trading operations.

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ASIC cancels Eden Asset Management licence

Written by Mahathir BayenaPublished May. 25 2026Last Updated May. 25 2026

The Australian Securities and Investments Commission cancelled the Australian Financial Services licence of Eden Asset Management, effective immediately.

The regulatory body stripped the firm of its licence (number 296466) on the basis that the company has entered liquidation, marking the end of an entity that has operated in the domestic financial landscape for two decades.

The enforcement action was executed with the full consent of Eden’s appointed liquidators.

This development follows a series of stringent enquiries initiated by the corporate watchdog into the firm's non-compliance with essential statutory reporting, independent auditing, and core financial requirements.

Under current federal legislation, ASIC retains the statutory power to cancel an AFS licence held by a body corporate without a formal hearing if the entity becomes a Chapter 5 body corporate—a classification that applies to companies under administration or being actively wound up.

Following the regulatory probe, Eden’s liquidators formally advised ASIC that the asset management firm had entirely ceased commercial trading operations.

The company had no ongoing requirement for its financial services credentials.

Eden Asset Management had held its AFS licence since Feb. 13, 2006, functioning as a registered participant in the Australian financial sector for over twenty years.