Suspension of Management Licence - Ostermann Finanz Ltd

The Company was given prior notice of the intention of the FSC to suspend its licence and the reasons for doing so, and was given a number of opportunities to make representations on the matter as per Section 27(2) of the FSA. It is to be noted that the Company ceases to carry out its activity authorised by its licence, but remains subject to the obligations of its licence and to the directions of the FSC until the suspension of the licence is cancelled.