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On 26 June 2025, Argentex Group PLC announced that its main trading subsidiary, Argentex LLP, agreed a Voluntary Requirement (VREQ) with the FCA, introducing restrictions on new trading activity. Additionally, the FCA confirmed a new Individual Liquidity Guidance (ILG) level of £23.62 million for Argentex LLP, effective from 16 July 2025.
| Date | 26 Jun 2025 |
| Time | 12:00:01 |
| Category | Miscellaneous |
| ID | 5805O |
26 June 2025
Argentex Group PLC
("Argentex" or the "Group")
Announcement of VREQ
Argentex announces that their main trading subsidiary, Argentex LLP, has agreed a Voluntary Requirement ("VREQ") with the FCA, which introduces certain restrictions on new trading activity. These measures form part of the FCA's ongoing supervisory engagement with Argentex LLP following recent market volatility and liquidity pressures. The VREQ permits Argentex LLP to continue servicing clients under defined parameters, while limiting new trading activity to specific products within agreed trading limits approved by the regulator.
In parallel, the FCA has confirmed a new Individual Liquidity Guidance (ILG) level of £23.62 million, effective from 16 July 2025. The Group is taking proactive steps to meet this requirement.
The Group continues to operate with full client money protection in accordance with applicable regulatory regimes and remains committed to maintaining a strong and transparent relationship with the FCA.
The Board and senior management team remain focused on stabilising the firm's financial position, safeguarding client interests, and supporting a return to normalised trading conditions in due course.
Enquiries:
|
Argentex Group plc Tim Rudman - Interim Chief Executive Officer |
c/o Teneo Financial Advisory Limited |
|
Singer Capital Markets Advisory LLP (Nominated Adviser and Financial Adviser to Argentex) |
+44 (0) 20 7496 3000 |
|
Teneo Financial Advisory Limited (Capital Market Communications Ltd) (Financial PR Adviser to Argentex) Riann Cato
|
+44 (0) 20 7260 2700 |