Supply@Me Capital has debunked rumours of an investigation by the FCA and confirmed that it has now addressed the technical DTR breach regarding the timing of financial statments.
Following the suspension of trading in SYME, chatter circulated online that it was subject to an FCA investigation – however these allegations have been confirmed as false and innacurate:
The Company also confirms that no FCA investigation is underway.Update on Restoration of Listing and re-commencement of Trading
With SYME addressing the DTR breach it has now made a request to the FCA to lift its temporary suspension and allow trading to commence once more.
The fintech firm added that the FCA is currently going through the required regulatory steps to restore SYME’s listing – however it has taken longer than expected to complexities around the change in accounting reference date and number of financial statements.
An announcement is expected in due course regrading confirmation of lifting of the temporary suspension.