logo
Plus   Neg
Share
Email

FCA Maintains Pressure On Wirecard UK To Resolve Issues - Quick Facts

The FCA said it cannot lift the restrictions imposed on Wirecard UK businesses without reassuring that the firm has been able to satisfy all the concerns. The UK's designated competent authority noted that it has seen good progress by the firm in meeting the conditions set by the FCA.

On 26 June 2020, the FCA placed a number of requirements on the UK business of Wirecard. As per the requirements, Wirecard must not dispose of any assets or carry on any regulated activities. Also, the company must set out a statement on its website and communicate to customers that it is no longer permitted to conduct any regulated activities.

Wirecard's parent company, Wirecard AG (WRCDF.PK) based in Germany is currently the subject of law enforcement interest and insolvency proceedings.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walmart Inc. has launched a nationwide drive to boost COVID-19 vaccination rates by reaching out to more residents in vulnerable communities. The retail giant will organize a series of community events at 43 locations in 18 states to administer the COVID-19 vaccine. Walmart said it plans to continue these new events over the next several weeks as vaccine allocations allow. Pfizer Inc. (PFE) and OPKO Health Inc. (OPK) announced Friday that the European Medicines Agency or EMA has validated for review the Marketing Authorization Application for somatrogon. Pfizer expects a decision from the European Commission in 2022. The company said somatrogon is a long-acting recombinant... German telecom giant Deutsche Telekom AG reported Friday strong growth in fourth-quarter profit mainly driven by T-Mobile US results following the takeover of the competitor Sprint. Looking ahead for fiscal 2021, the company projects higher adjusted EBITDA AL, a key earnings metric.
Follow RTT