The Quotes are Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.

ICA Banken warned by the Swedish FSA

Monday, 26 August 2013
ICA Banken AB did not report to Swedish Financial Services Authority, or the Finansinspektionen (FI) that the Bank had a new owner, which it is obligated to do. As a result of this breach, the Bank is receiving a remark.

In a press release the FI writes that the ownership of ICA Banken has undergone several changes in recent years. One of these changes was the acquisition by three companies of qualifying holding of shares in ICA Banken without first applying for authorisation from FI. ICA Banken also did not report the acquisition, which it is obligated to do. These rules are put in place in order for FI to assess the suitability of new owners.

The ownership structure is different today and the three companies have since sold their shares.
Scancomark.com Team