Sequoia Financial Group (ASX:SEQ) said the Australian Securities and Investments Commission has told it the documents submitted for the sale of InterPrac Financial Planning are under consideration and have not yet been accepted for lodgement, according to a Monday Australian bourse filing.
The company said the regulator informed it that all conditions to the cessation of the deed in respect of InterPrac would not be met unless and until it accepted the lodgement.
The regulator has since asked Sequoia to provide certain information under the Corporations Act for its consideration of the lodgement, the filing added.
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