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The AFM imposes an order for incremental penalty payments on Fib Trading Ltd.

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The Netherlands Authority for the Financial Markets (AFM) hereby announces that, on 9 June 2010, it imposed an order for incremental penalty payments on: Fib Trading Ltd. (FIB), established at 1 Avlonos Street, Maria House, 1075 Nicosia on Cyprus.

The order for incremental penalty payments was imposed because FIB has failed to comply with the request for information from the AFM. FIB was requested to provide information, because the suspicion exists that this institution provided or continues to provide investment service and/or performed or continues to perform investment activities without holding the required AFM licence.

FIB did not supply the requested information by the deadline and is therefore required to make incremental penalty payments. The requested information still needs to be provided to the AFM.

FIB made use of the following websites in any case www.fibtrading-trading.nl and www.nl.fib-trading.com, fax number +357 22 376 833 and email address: info@fib-trading.com.

If you have any questions or comments you can contact the AFM’s Financial Markets Information Line on: 0900-5400 540 (5 eurocents per minute).

The AFM promotes fairness and transparency within financial markets. We are the independent supervisory authority for the savings, lending, investment and insurance markets. The AFM promotes the conscientious provision of financial services to consumers and supervises the honest and efficient operation of the capital markets. Our aim is to improve consumers’ and the business sector’s confidence in the financial markets, both in the Netherlands and abroad. In performing this task the AFM contributes to the prosperity and economic reputation of the Netherlands.

The AFM is committed to promoting fair and transparent financial markets.

As an independent market conduct authority, we contribute to a sustainable financial system and prosperity in the Netherlands.

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