The FSA annulled the activity licences issued to investment firm Evli Securities
The Financial Supervision Authority annulled the activity licence issued to Evli Securities AS for the provision of investment services and the additional activity licence issued for the provision of investment advice.
The Financial Supervision Authority is of the opinion that the legitimate interests of clients are sufficiently protected in relation to the termination of the investment firm in liquidation. Evli Securities AS confirmed that all client contracts have either been terminated or transferred to Evli Bank Plc as at 20 February 2015.
The activity licences were annulled on the basis of the application of Evli Securities AS in relation to the company’s plan to terminate its operations.