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JFSC Settlement

17th Jul 2019 07:00

RNS Number : 7520F
Sanne Group PLC
17 July 2019
 

17 July 2019

 

Sanne Group plc

 

JFSC Settlement

 

Sanne Fiduciary Services Limited ("SFSL"), a subsidiary of Sanne Group plc, has today reached a settlement with the Jersey Financial Services Commission (the "Commission") in relation to a historical failure to remediate certain issues in the Jersey business within an agreed timeframe.

 

A public statement has been published on the Commission's website today, which recognises that the company engaged openly, proactively and co-operatively with them on the matter and that no party suffered losses from this historical failure, which has since been remediated.

 

SFSL is pleased to have resolved these discussions with the Commission and have reached a mutually acceptable settlement, which is not expected to have any material impact on the group.

 

 

Enquiries

 

Tulchan Communications LLP

+44 (0) 20 7353 4200

David Allchurch

David Ison

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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