Metropol (UK) Limited Upgraded to Category B Firm.
Metropol (UK) Limited ("METUK) was granted a
"Variation of Permission" by the UK Financial Services Authority,
which upgraded its Category to B, from C.
The variation and upgrade were applied for
primarily to support METUK’s Coprorate Finance business. As a
result, METUK can now play a more significant role in the coporate
finance process.
In technical terms, METUK has been granted
additional permission to perform the following regulated
activites:Holding and controlling of Client Money Causing
dematerialised Instructions to be sent.
The above permissions will allow METUK to act as
a "Placing Agent" when engaged in Corporate Finance Deals. This
means that, in addition to current activites, METUK now has the
capability to carry out the transactions of transferring
subsciptions for shares and arranging for the delivery of
non-certificated (dematerialised) shares.
The Variation and Upgrade are not limited to the
above business activities, and there may be potential for further
business development.
Notes to editors: UK Investment Firms are
categorised between "A" and "D", depending on the scope of activity
they can perform, and consequently, what risk they pose to the
industry, consumers and the investing public. "A" Firms are the
highest category.METUK is Authorised and Regulated by the UK
Financial Services Authority ("FSA") and is a member of the London
Stock Exchange. The FSA regulates UK financial services and banking
Under the Financial Services Act of Parliament of 2000, firms must
apply for approval with the FSA prior to engaging in any regulated
activity. The type of activity a firm can perform is dictated by
its Permissions.
The Group includes six battery plants and business units developing and introducing new technologies, and distributing products.
№ 077-06136-100000, № 077-06159-010000, № 077-06168-001000 from 26 august 2003 year, № 077-06194-000100 from 02 september 2003 year, № 650 from 16 april 2004 year, № 3185 from 25 november 1999 year, № 21-000-1-00119 from 23 may 2003 year, № 077-07215-001000 from 9 december 2003 year