SOFIA (Bulgaria), July 11 (SeeNews) – Bulgaria’s financial regulator said on Tuesday it has appointed a conservator at local investment intermediary Interactive Company for a period of three months.
The appointment is a result of the company’s non-compliance with rules set out in Bulgaria’s Markets in Financial Instruments Act or EU regulation 575/2013, the Financial Supervision Commission said in a statement.
The regulator provided no further details.
Last month, the financial regulator said it suspended Interactive Company’s licence to act as an investment intermediary, without elaborating.
Sofia-based Interactive Company is a wholly-owned subsidiary of Serbia’s Hefti.