FCA takes action against three individuals from SVS Securities
The FCA has decided to ban and fine three individuals who were involved in running SVS Securities Plc.
The FCA has decided to ban and fine three individuals who were involved in running SVS Securities Plc.
The special administration is being concluded and SVS Securities is being moved from special administration to dissolution.
The Administrators are in the process of preparing the necessary application to cancel SVS Securities’ FCA permissions to carry out regulated activities.
The Administrators intend to make an application to Court for an order bringing the special administration of SVS Securities to an end.
The Joint Special Administrators of SVS Securities currently anticipate that the administration process will conclude in early 2022.
The Administrators of SVS Securities confirm that the full Custody Asset and Client Money entitlements have been returned.
The Administrators of SVS Securities have concluded that they have taken all steps to return client assets and money.