News Press Release

• Public Statements
• Jan 15, 2013

Public Statement Re: ARM Asset Management Ltd. Grand Turk, Turks and Caicos Islands, BWI – 15 th January 2013

The Turks and Caicos Islands Financial Services Commission (“The Commission”) considers it necessary to issue this public statement in order to protect the public interest, and the interests of any of the customers and creditors of the ARM Asset Management Ltd (hereinafter referred to as „ARM‟), and further to make the general public aware that ARM is no longer a licensee of the Commission.

The details are:

• ARM was issued an Investment Dealers License (License No. 3) pursuant to the Investment Dealers (Licensing) Ordinance on 21st March 2005.
• ARM has taken steps to surrender its Investment Dealers License to the Commission.
• Upon the compliance of the requirements of Section 9 of the Investment Dealers (Licensing) Ordinance by ARM, the Commission has accepted, on 14th January 2013, the surrender of ARM‟s Investment Dealers License.
• ARM does not hold any license pursuant to the Investment Dealers (Licensing) Ordinance or any other financial services license issued by the Commission. This Public Statement was issued pursuant to Section 39 of the Financial Services Commission Ordinance.

J. Kevin Higgins Managing Director