VANCOUVER, April 27, 2017 /CNW/ - Fineqia International Inc., (the "Company" or "Fineqia") (CSE: FNQ) (OTCPink: FNQQF) (Frankfurt: FNQA) has announced that its UK subsidiary, Fineqia Limited, has received regulatory approval as an Appointed Representative ("AR") via a UK Financial Conduct Authority ("FCA") umbrella firm, Kession Capital Limited ("Kession").
Kession is a London-based market-leading provider of regulatory compliance consulting services and technology to the financial services industry. It provides FCA regulatory hosting and AR services to many diverse clients.
Fineqia Limited will operate under Kession's FCA license as an appointed representative and will be subject to Kession's ongoing monitoring to help ensure all activity is performed within the regulatory parameters of the FCA.
"We are delighted to be working with Fineqia Limited," said Kession. "We are happy to ensure they remain committed to serving their clients' best needs in a compliant manner."
"Kession's umbrella allows us to kick-start our UK operations within the auspices of the UK's FCA, which is widely acknowledged to be the most far sighted in providing a regulatory framework for building new financial service platforms such as Fineqia's debt and equity placement platform," said the Company's CEO Bundeep Singh Rangar.
Fineqia Limited is utilizing Kession's regulatory permissions for the purposes of a rapid launch, given a high demand in the market for minibond offerings.
About Fineqia International Inc.
Fineqia International Inc.'s business model is to provide an online platform and associated services for the placement of debt and equity securities, initially in the UK, via its subsidiary, Fineqia Limited. The platform will transparently highlight the risks and objectively outline opportunities involved. For more information, visit www.fineqia.com.
About Kession Capital Limited
Kession is a London based market-leading provider of regulatory compliance consulting services and technology to the financial services industry. They provide FCA regulatory hosting and appointed representative services to many diverse clients who use complians.com, their compliance oversight and monitoring solution. For more information, visit www.kession.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATORY SERVICE PROVIDER HAS REVIEWED THIS AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Investing in start-ups and early stage businesses involves risks including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Fineqia Limited is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via Fineqia Limited once you are registered as sufficiently sophisticated. Fineqia Limited (FRN: 757772) is an appointed representative of Kession Capital Limited (FRN: 582160) which is authorised and regulated by the Financial Conduct Authority in the UK. Investments are not offers of guaranteed returns. Investments by registered members via Fineqia Limited can only be made on the basis of the information that is presented in the pitches by the companies concerned. Fineqia Limited takes no responsibility for the information or for any recommendations or opinions made by the issuing companies. Your capital is at risk.
Some statements in this release may contain forward-looking information. All statements, other than of historical fact that address activities, events or developments that Fineqia ("the Company") believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company to complete the Change of Business, failure to obtain sufficient financing, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made except as may be required by applicable securities laws. The Company disclaims any intent or obligation to update any forward-looking statement.
SOURCE Fineqia International Inc.
For further information: Karolina Komarnicka, Chief Marketing Officer, T: +1 (778) 654-2324, E: [email protected], W: www.fineqia.com