Asset Publisher

SVS Securities PLC can no longer provide regulated activities in Italy

The Financial Conduct Authority (UK competent authority) has imposed measures against the UK investment firm SVS Securities Plc pursuant to which the firm must not conduct any regulated activities (except for certain activities of safeguarding and administering custody assets from existing clients) and must close all open FX positions held by it, whether on its own account or on account of its clients. Further details on the above-mentioned measures are available at: https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfNZkAAN, by clicking on "Permission" and then on "OIREQ" in the subsection "Requirements". Upon request from the same SVS Securities Plc, the firm itself has been placed into the UK Special Administration Regime.

Therefore, by the said measures, SVS Securities Plc can no longer provide regulated activities in Italy.

Consob invites all investors to check with particular attention the lists of investment firms which are actually authorised to provide investment services in Italy (/web/area-pubblica/imprese-di-inilizia1) as well as to check all the warnings published for the protection of investors (/web/area-pubblica/avvisi-ai-risparmiatori) and, in any case, to exercise the utmost caution before making any investment choice.

Consob also recommends to check the "Occhio alle Truffe" (Beware of frauds!) section of its website, to prevent the risk of online scams.