IBAS licence for rendering investment services withdrawn

Riga, Latvia, May 30, 2019, 11:53 / Investments

Following the request from the investment brokerage company ABLV Capital Markets, IBAS, the company's licence for rendering investment services was withdrawn by the Financial and Capital Market Commission on 28 May this year.

As announced earlier, ABLV Capital Markets, IBAS terminated servicing the clients in April this year, and the orders for transfers of securities held with ABLV Bank, AS in liquidation are executed by ABLV Bank, AS in liquidation. ABLV Capital Markets, IBAS has no clients, and the company has completely settled its obligations to the clients arising out of rendering the investment services.