Company Update

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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