26 Mar 2021

PUBLIC NOTICE ON VOLUNTARY CESSATION OF CAPITAL MARKET ACTIVITY BY PARKSTONE CAPITAL LIMITED

The Securities and Exchange Commission (hereinafter referred to as “SEC”) is the statutory body mandated by the Securities Industry Act 2016 (Act 929) to promote the orderly growth and development of an efficient, fair and transparent securities market in which investors and the integrity of the market are protected.

The SEC issues this notice to the general and investing public that Parkstone Capital Limited, a licensed fund manager that engaged in fund management activities in the securities industry, has voluntarily ceased operation.

After a thorough assessment of the circumstances, the SEC has approved the voluntary cessation of business of Parkstone Capital Limited as a licensed Fund Manager.  Parkstone Capital Ltd. is no longer mandated to carry out any Fund Management activities within the securities industry.

All investors, market operators, and the general and investing public are hereby assured that the SEC is committed to ensuring rigorous enforcement of all the rules for operators in the capital market in order to promote the growth and development of efficient, fair, and transparent securities market in which investors and the integrity of the market are protected.

This notice is issued pursuant to Sections 3(b) (f) (m) and 208 (c) of the Securities Industry Act, 2016 (Act 929)

BY ORDER OF THE

SECURITIES & EXCHANGE COMMISSION (SEC)

DATED: MARCH 25, 2021

 

 

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