Jarvis Securities plc Company Update (8389U)
March 31 2023 - 1:00AM
UK Regulatory
TIDMJIM
RNS Number : 8389U
Jarvis Securities plc
31 March 2023
31 March 2023
Jarvis Securities plc
("Jarvis" or "the Company")
Company Update
The Board of Jarvis provides an update on the Skilled Person
review as announced in its update on 16 September 2022.
The Skilled Person continues with its review of the systems and
controls of the Company's subsidiary, Jarvis Investment Management
Limited, and its associated recommendation work, pursuant to s166
Financial Services and Markets Act 200 ("FSMA") ("Skilled Person").
The Skilled Person is currently conducting the review and testing,
as part of the second stage of its work originally agreed with the
FCA.
The voluntarily agreed restrictions, as set out in the previous
update, remain in place. JIML will continue to work with the
Skilled Person and FCA with the aim of having the restrictions
lifted on its impacted Model B clients as soon as possible.
The Board will provide a further update in due course and within
the next three months.
Enquiries :
Jarvis Securities plc 01892 510 515
Andrew Grant / Jolyon Head
WH Ireland Limited 0207 220 1666
Katy Mitchell / Darshan Patel
Notes :
Jarvis Securities plc is the holding company for Jarvis
Investment Management Limited (AIM: JIM.L) a stock broking company
and outsourced service provider for bespoke tailored financial
administration. Jarvis was established in 1984 and is a member of
the London Stock Exchange; a broker dealer member of Aquis Stock
Exchange, authorised and regulated by the Financial Conduct
Authority and an HM Revenue & Customs approved ISA manager. As
well as normal retail broking Jarvis provides cost effective and
flexible share trading facilities within ISA and SIPP wrappers.
Jarvis provides outsourced and partnered financial
administration services to a number of third party organisations.
These organisations include advisers, stockbrokers, banks and fund
managers. Jarvis can tailor its administration processes to the
requirements of each organisation and has a strong reputation for
flexibility and cost-effectiveness.
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END
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