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ICAP Renews Waiver

12th Apr 2011 13:41

RNS Number : 7696E
ICAP PLC
12 April 2011
 



ICAP Renews Waiver From Investment Firm Consolidation

 

London, 12April 2011 - ICAP, the world's premier interdealer broker, confirms today that the UK Financial Services Authority (FSA) has approved ICAP's application to renew its waiver from investment firm consolidation for a further five years.

 

The waiver covers a requirement to apply capital on a consolidated basis and will expire on 07 April 2016.

 

Waivers can be granted under the BIPRU rules that implement the Capital Requirements Directive in the UK.

 

Contacts

Mike Sheard Director of Corporate Affairs +44 (0) 20 7050 7103

Alexandra Umpleby Head of Media Relations +44 (0) 20 7050 7104

Alex Dee Head of Investor Relations +44 (0) 20 7050 7123

 

About ICAP

ICAP is the world's premier interdealer broker and provider of post trade risk and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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