Controllership - ONETRADEX LTD (2019-07-19)

Summary

This is a CIMA enforcement notice announcing that, effective 18 July 2019, the Authority appointed controllers to take over the affairs of ONETRADEX LTD under Section 17(2A)(h) of the Securities Investment Business Law. It is informational, confirming a specific enforcement action rather than creating rules of general application.

• Appointment: Kenneth Krys and Angela Barkhouse of Krys Global were appointed as Controllers of ONETRADEX LTD, effective 18 July 2019.
• Powers assumed: The Controllers immediately took control of the Company's affairs, with all powers necessary to administer it, including power to terminate its securities investment business.
• Reporting duty: The Controllers must assess the Company's financial position and submit a report to CIMA by a specified date.
• Contact: Enquiries about the controllership should be directed to Maire Spillane at Krys Global by email or phone.

Key obligations

• The appointed Controllers must assess ONETRADEX LTD's financial position and submit a report to CIMA by a specified date.

Applies to

ONETRADEX LTD, securities investment business licensees