On the 28th November 2012 the Authority decided to cancel the investment services licence of Guardian Securities Limited in terms of article 7(2)(b) of the Investment Services Act with immediate effect. Guardian Securities Limited was found to be in breach of SLCs 1.22(b), 7.01 and 7.27 of Part BI of the Investment Services Rules for Investment Services Providers.

Consequently, Guardian Securities Limited is no longer authorised to provide any investment services within the meaning of the Investment Services Act.

MFSA Ref: 64-2012