REG - Jarvis Securities - Company Update

Jarvis SecuritiesAnnouncement

31/03/2023 07:00

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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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