ASIC said it suspended the Australian financial services licence of Sydney stockbrokers MJ Wren & Co Pty Ltd - an ASX participant - until 16 October 2018. ASIC said MJ Wren ceased providing financial services in May 2017 "after ASIC identified that MJ Wren had failed to comply with the risk-based capital requirements set out in the market integrity rules." Westpac is rolling out a wearable payment product range, although the bank's own customer research suggests it will be too pricey for one-fifth of its retail base. Westpac said all customers with an everyday banking account eligible for a Debit Mastercard would be able to order a PayWear Card. The bank said the PayWear Essentials range of wristband and keeper will be available from December. A designer range will also be available to customers in early 2018.