Professionals

02 November 2011

Press release 11/40

The CSSF informs that on 27 October 2011, at its request, the 1st vice-president of the Luxembourg district court, sitting in commercial matters, appointed, in accordance with article 25(2) of the Luxembourg securitisation law of 22 March 2004, KPMG LUX S.à r.l., represented by Mr. Zia Hossen, as provisional administrator (administrateur provisoire) of the société anonyme LIFEMARK S.A., with registered office at 46A, avenue John F. Kennedy, Luxembourg, for a new period of three (3) months from the delivery of this order, with an unchanged mandate and unchanged most extensive management powers (please refer to our press release of 15 February 2010). The decision explicitly confirms that this new mandate replaces and brings about the expiry of the previous mandate given by the court order of 10 May 2011 (please refer to our press release of 13 May 2011). The court has also confirmed that the measure of 27 October 2011 in itself is not to be considered as an insolvency procedure such as bankruptcy, controlled management, a procedure of suspension of payments or judicial liquidation.

The CSSF and the UK Regulator, the Financial Services Authority (FSA), are continuously working together in close cooperation in this matter.