Complex sentence: In March 2004, Saxo Bank had to halt its business in Australia FXweek, September 27th 2004 because the Australian Securities and Investments Commission (ASIC) passed regulation requiring an Australian bank license to offer foreign exchange to private customers.
Split into simpler sentences: In March 2004, Saxo Bank had to halt its business in Australia FXweek, September 27th 2004. The Australian Securities and Investments Commission (ASIC) passed regulation requiring an Australian bank license to offer foreign exchange to private customers.