TrustBuddy follows Danish Financial Authority statement
On the 23rd of June 2014, TBDY received a written statement from the Danish financial authorities, classifying the TBDY activity in Denmark as coming in under Danish credit regulations. Finanstilsynet instructs that TBDY should be brought in compliance with local regulation before the end of August 2014, giving TBDY sufficient time to adjust. TBDY is currently finalizing its move towards becoming a fully certified lender across Europe and the on going discussions with the Danish Finanstilsynet is considered to have little or no effect on this.
Denmark is one of the smallest TBDY markets with around 5 percent of the TBDY market population, but TBDY enjoys great results and growth in Denmark and will continue to make a strong effort to strengthen its Danish presence.
For more information please contact:
Jens Glasø, CEO, TrustBuddy International AB (publ)
+47 40 40 47 50,
About TrustBuddy International AB (publ)
TrustBuddy International AB (publ) is one of the first in the world to focus on arranging loans and capital provision between buddies in Scandinavia in an organised manner. The company is listed at NASDAQ OMX First North in Stockholm. Erik Penser Bankaktiebolag is TrustBuddy International AB (publ)'s Certified Adviser, phone number: +46 8 463 80 00.