Decision on Liquidation of ABLV Capital Markets, AS

Riga, Latvia, July 4, 2019, 15:04 / Investments

On 3 July 2019, Registry of Enterprises of the Republic of Latvia made an entry to the Commercial Register about commencement of the liquidation process of ABLV Capital Markets, AS, the subsidiary of ABLV Bank, AS in liquidation (hereinafter referred to as Capital Markets).

As reported earlier, on 28 May 2019, upon the request by Capital Markets the Financial and Capital Market Commission has withdrawn the company’s license on rendering investment services.

Capital Markets has terminated provision of services to the customers in April 2019. Whereas according to the provisions of the Credit Institutions Law on returning property of third parties, ABLV Bank, AS is independently carrying out orders on outgoing transfers of securities of the clients that are in its custody.