AS LHV Group acquired approval from the Estonian FSA to
The administration board of the Estonian Monetary Supervision and Decision Authority determined to approve AS LHV Group as a father or mother firm working as a monetary holding firm.
LHV Group is a holding firm whose subsidiaries embrace a credit score establishment, an asset administration firm and a non-life insurance coverage firm. As well as, LHV Group is establishing a brand new financial institution in the UK. The necessity to apply for approval arose from the modification to the Credit score Establishments Act and the granting of the approval doesn’t entail any modifications within the actions or administration of LHV Group nor its subsidiaries. The Estonian FSA has additionally beforehand exercised supervision over LHV Group on a consolidated foundation.
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