GlobalCapital plc - Financial Institutions Licence

GlobalCapital plc announced on 31 July that its fully-owned subsidiary GlobalCapital Investments Limited acquired a licence to transact the business of a Financial Institution in terms of the Financial Institutions Act 1994.

This licence will enable GlobalCapital Investments Limited to carry out a number of activities, namely: trading for own account in money market and interest rate instruments; trading for own account or for account of customers in foreign exchange; and money broking.