Finablr PLC Statement re Supervision of UAE Exchange LLC (6486G)
March 18 2020 - 7:29AM
UK Regulatory
TIDMFIN
RNS Number : 6486G
Finablr PLC
18 March 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014.
18 March 2020
Finablr PLC ("Finablr" or the "Company")
Supervision of UAE Exchange LLC by the Central Bank of the
UAE
The Company announces that its subsidiary undertaking based in
the United Arab Emirates ("UAE"), UAE Exchange Centre LLC, received
a notification from the Supervision Department of the Central Bank
of the UAE (the "Central Bank"). The notification stated that the
management of UAE Exchange Centre LLC's businesses in the UAE will
be conducted under the supervision of the Central Bank with
immediate effect. The Central Bank has also announced that its
inspection team has commenced an examination of UAE Exchange Centre
LLC in order to verify its compliance with applicable laws and
regulations.
The Company is working constructively with the Central Bank and
will provide an update to the market in due course.
END
Enquiries
The Company
Finablr PLC
Robert Moorhouse, Group Company Secretary +44 7825 213767
Ryan Ayache, Head of Investor Relations +971 2 3073 176
For more information, visit the Finablr website:
www.finablr.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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