Argentex Group PLC today announced that their main trading subsidiary, Argentex LLP, has agreed to a Voluntary Requirement (“VREQ”) imposed by the UK Financial Conduct Authority (FCA).

The VREQ introduces a business restriction requiring Argentex LLP to cease all regulated activity, to not register and onboard new customers, and to not open any new foreign exchange trades. These restrictions also require the firm to take all reasonable steps to stop incoming payments from existing customers.

These measures form part of the FCA’s ongoing supervisory engagement with Argentex LLP following recent market volatility and liquidity pressures.