Argentum 47 Inc (ARGQ)

[LongTimeObserver]

$ARGQ Cheshire-Trafford Requirement To Cease All Regulated Activities

Requirement to cease all regulated activities

17 JUN 2021

Restriction on regulated activities

1. Cheshire Trafford UK Limited must not, without prior written consent of the FCA, carry out any regulated activities for which it has Part 4A permission.

2. In relation to any pipeline business the Firm must:

a) cease to act for any pipeline business client, whether this be a new, existing or proposed client, unless agreed by the FCA.
b) contact pipeline business clients to inform them that the Firm cannot complete the business on their behalf.
c) contact product providers to instruct them to put on hold all transactions related to the Firm’s regulated activities which have not yet been completed.

Secure records

3. The Firm must secure all books and records and preserve all information and systems relating to electronic money services, and must retain these in a form and at a location within the United Kingdom, such that they can be provided to the FCA, or to a person named by the FCA, promptly on its request.

Effective date

4. The Requirement(s) in this application is to take immediate effect on its acceptance by the FCA and notification of such to the Firm by email.

5. The Requirement(s) will stay in effect until the FCA is satisfied that they can be lifted."