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Euro Islamic Inv Bnk (RMA)

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Wednesday 04 February, 2015

Euro Islamic Inv Bnk

Variation of regulatory permissions

RNS Number : 9657D
European Islamic Investment BankPLC
04 February 2015
 



 

European Islamic Investment Bank plc

(the "Company" or "EIIB")

Variation of regulatory permissions

 

 

Further to the announcement of 25 September 2014 stating that the Company was reviewing its regulatory permissions with a view to bringing them in line with the Company's core strategy, EIIB is pleased to confirm that the regulator has accepted EIIB's application to vary its regulatory permissions. The Company is now classified as an Exempt CAD investment firm and is regulated by the Financial Conduct Authority only.

 

Commenting on the new regulatory structure, the CEO, Zak Hydari, said: "We are pleased with the outcome of our application which will allow us to implement our strategy more efficiently. This is a very positive step for the Company".

 

 

Enquiries:

European Islamic Investment Bank plc

Tel: +44 (0)20 7847 9900

Zak Caar Hydari, CEO

 

Westhouse Securities

Tel: +44 (0)20 7601 6100

Antonio Bossi

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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