UK Regulator Lifts Suspension on Wirecard UK Arm

Datum : 30/06/2020 @ 08h16
Quelle : Dow Jones News
Name : Wirecard AG (WDI)
Kurs : 3.2265  0.1265 (4.08%) @ 17h35
Wirecard share price Chart

UK Regulator Lifts Suspension on Wirecard UK Arm

Wirecard (XE:WDI)
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By Adria Calatayud

 

The U.K.'s Financial Conduct Authority said late Monday that Wirecard AG's U.K. operations can resume their regulated activity, after the regulator lifted a suspension on the company's activities it imposed last week.

Wirecard's U.K. arm is allowed to restart electronic money and payment services to its customers, who can use their cards as usual, the FCA said.

The restrictions introduced Sunday were lifted at 2301 GMT on Monday, the FCA said.

The regulator said it continues to monitor Wirecard's activities and that certain requirements on the company, such as restrictions over where Wirecard can hold customer monies and over its ability to transfer its own assets, remain in place.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

June 30, 2020 02:01 ET (06:01 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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