Finanstilsynet notified Acta Asset Management AS by letter of 3 February 2012 that it is considering withdrawing all the latter's licences to provide investment services under the Securities Trading Act. Acta Asset Management AS is wholly owned by the stock exchange listed company Acta Holding ASA.
Finanstilsynet issued the advance warning of licence withdrawal after inspecting the premises of inspection of Acta Asset Management AS. The company has until 9 March [Deadline extended from 24 February] to respond to Finanstilsynet's notification, after which Finanstilsynet will make a final assessment.
The content of the notification is barred from the public domain. Finanstilsynet's final assessment will however be made public.