With reference to decisions numbered 170 and 171 issued on 31/10/2018 by the board of directors of the Financial Regulatory Authority (FRA) regarding Beltone Investment Banking and Beltone Securities Brokerage. Please be advised that Beltone Financial Holding finds the FRA’s decisions as surprising and is yet to be informed of their stipulations and reasons for their issuance.
The group also reaffirms its commitment and that of its subsidiary companies to operate in compliance with the Capital Markets Law No. 95 and its executive regulations. To that end, the group will take all necessary proceedings to obtain further details and stipulations of said decision and based upon its findings will pursue the appropriate legal actions to safeguard its interests and those of its shareholders and clients.
The company also affirms that Beltone Securities Brokerage continues to conduct normal business operations and that all of the group’s companies continue to operate in line with the aforementioned FRA decisions.