Market announcement
Admiral Markets AS
LEI code
549300QE3BN5Y1FE7M41
Size of the entity
Medium undertaking
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
8689
Submission date and time
01.04.2021 14:25:15
Content of announcement in Estonian
Title
Harju Maakohus tühistas Finantsinspektsiooni 08.02.2021.a otsuse Admiral Markets AS suhtes
Message
8. veebruaril 2021 edastas Finantsinspektsioon (FSA) Admiral Markets AS-ile otsuse, mille kohaselt määrati ettevo?ttele trahv. Finantsinspektsiooni so?nul ei olnud Admiral Markets AS pa?rast toornafta hindade ma?rkimisva?a?rset langust aprillis 2020 ka?itunud ta?ielikult vastavalt va?a?rtpaberituru seadusele. Admiral Markets AS ei nõustunud Finantsinspektsiooni otsusega ning kinnitas, et on alati tegutsenud oma klientide huvides. Ettevõte oli veendunud, et hoolimata Finantsinspektsiooni otsuses avaldatud hinnangutest toimiti vastavalt regulatiivsele o?iguslikule raamistikule ebatavaliste asjaolude korral. Sellest tulenevalt esitas Admiral Markets AS 23.02.2021 kaebuse Harju Maakohtusse otsuse vaidlustamiseks. Harju Maakohtu 31.03. 2021 määrusega rahuldati Admiral Markets AS kaebus ning tühistati Finantsinspektsiooni otsus täies ulatuses. Harju Maakohtu määrus ei ole veel jõustunud. Lisainfo: Kaia Gil Admiral Markets AS kommunikatsioonijuht +372 53 413 764
Content of announcement in English
Title
Harju County Court annulled the decision of the Finantsinspektsioon (FSA) from 08.02.2021 regarding Admiral Markets AS
Message
On February 8, 2021, Finantsinspektsioon (FSA) forwarded a decision to Admiral Markets AS notifying the company about an imposed fine. According to the regulator Admiral Markets AS had not acted entirely in accordance with the Securities Market Act, following the crash of Future crude oil prices in April 2020. Admiral Markets AS did not agree with the decision of the FSA and confirmed that it had always acted in the best interests of its clients. The company was confident that regardless of the opinions in the FSA announcement, it operated in accordance with the regulatory framework even when faced with unusual circumstances. Taken all that into concideration, Admiral Markets AS filed an appeal to Harju County Court on 23.02.2021 to challenge the FSA's decision. According to the Harju County Court order on 31.03.2021, the complaint of Admiral Markets AS was satisfied and the decision of Finantsinspektsioon (FSA) was annulled in full. The order of Harju County Court has not yet entered into force. Additional information: Kaia Gil Communication manager of Admiral Markets AS [email protected] (https://www.globenewswire.com/Tracker?data=t6GexpJ9lQyVbdxpFX1w4w- b15C6WJ0XZoGaLAABWRt6-FhIIIcK8spUqIwQEl6HsldzPjKJFl8FBvASAQJE- dAYTFzklcXO01E5KpYFpg4IXl8B_Td0yBFy6ibKnZBXegVJUsuz9p-hh3x-_0bB4WPC2f9JQ26cBM6J- JENZrHWuVabKyRd6sQO4_7bD8GYGL3u86DSYMX_Iq0UHU87SV3JWHoDocqvNnrdBctWCzR0s2jUczyiC 4jH7o1k8NOPnqXbQ4sbm44S5XUoBuhN6uYgxhL8VXY26nHvkTU67aGbNI38cLG5SqDGwCwqtSVe2E4Z7 5whbtdtf0luQUkqSPcGW-je- LAJVQnllH0MroTpqUVCoGU5rw8lQ6SHYuACpor9g_bujgjOnQ_qKYfkOTbyBH2zrVvg7SXy8mAU07lMl oRXScHqeqxstgw3UYMxDOxjuJhe- 4Uf9efSJRnzZ5P9AdNLMdg5qTehZSmUIaKg8KVt1w6rV8EFQfxqHHdawUILgUBDDjYHJ9ehhexU_g==) +372 53 413 764