Published: 2019-01-17 15:00:00 CET
Admiral Markets
Company Announcement

Admiral Markets AS: regarding the application for the credit institution licence

On 29.08.2018, Admiral Markets AS published a stock exchange announcement regarding the application for a credit institution's license. In connection with the changed external environment, its subsequent impact on the business environment of credit institutions and the need to adjust the business plan related to the application for a credit institution's license, Admiral Markets AS decided on 09.01.2019 to withdraw the license application and submitted a corresponding application to the Estonian Financial Supervision Authority, the Supervision Authority accepted this application on 16.01.2019.  

Admiral Markets AS finds that, in the interests of the efficiency of services provided under a credit institution’s license, it is expedient to update and amend the business plan related to the license application. Admiral Markets AS considers it possible that after the withdrawal of the license application, Admiral Markets AS will submit a new application for a credit institution license after making the necessary changes.

The withdrawal of the credit institution's license application does not affect the current operations of Admiral Markets AS, the provision of investment services and investment ancillary services.

Kaia Gil
Communication manager of Admiral Markets AS
kaia.gil@admiralmarkets.com
+372 53 413 764