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The Villa Marina and its colonnade on Douglas promenade. Photo: Zairon, CC BY 4.0
LML Limited, which trades as ascend, has been granted a Financial Services Licence by the Isle of Man Financial Services Authority (FSA), the island’s financial regulator.
The FSA said it granted the licence on 29 October under section 7 of the Financial Services Act 2008, and that it took effect straight away.
According to the regulator, the licence permits activity under class 4, sub-classes (1) to (15) inclusive.
The FSA announced the licence in a new licenceholder notice on its website. The notice gave no further information about the company or the business it intends to carry on.
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