Update on Gibraltar regulated entities Skilled Person Review
01 June 2018
STM Group Plc (AIM: STM), the multi-jurisdictional financial services group, advises that further to the update provided on 4 May 2018, the respective Gibraltar regulated entities are still working collaboratively with Deloitte and the Gibraltar Financial Services Commission in order to finalise the third-party review (a Skilled Person Review) being carried out under Section 7 of the Financial Services (Information Gathering and Co-operation) Act 2013, on certain aspects of the various Gibraltar businesses (the "Report").
Deloitte are expected to finalise their report in the coming days, on receipt of the respective management responses from the various Gibraltar businesses.
A fuller update will be provided as soon as the finished Report is delivered to the respective parties.
For further information, please contact:
|STM Group Plc|
|Alan Kentish, Chief Executive Officer||Via Walbrook PR|
|Therese Neish, Chief Financial Officer|
|Matt Goode / Emily Watts - Corporate Finance||Tel: +44 (0) 20 7220 0500|
|Tim Redfern / Richard Chambers - Corporate Broking|
|Tom Cooper / Paul Vann||Tel: +44 (0) 20 7933 8780
Mob: +44 (0) 797 122 1972
Notes to editors:
STM is a multi jurisdictional financial services group which is listed on the AIM Market of the London Stock Exchange. The Group specialises in the delivery of a wide range of financial service products to professional intermediaries and the administration of assets for international clients in relation to retirement, estate and succession planning and wealth structuring.
Today, STM has operations in the UK, Gibraltar, Malta, Jersey and Spain. The Group is looking to expand through the development of additional products and services that its ever more sophisticated clients demand. STM has developed a specialist international pensions division which specialises in Qualifying Recognised Overseas Pension Schemes (QROPS), Qualifying Non UK Pension Schemes (QNUPS). STM also has two Gibraltar Life Assurance Companies which provide life insurance bonds - wrappers in which a variety of investments, including investment funds, can be held.
Further information on STM Group can be found at www.stmgroupplc.com