The Reserve Bank of Malawi, acting through the Registrar of Financial Institutions, has revoked Carrick Wealth Limited’s registration as an investment adviser after the firm ceased conducting business as an investment adviser in Malawi. The revocation was made under section 26(1)(c), read with section 27(1)(h), of Malawi’s Financial Services Act (Cap. 44:05). The Registrar warned that anyone doing business with Carrick Wealth Limited would be doing so at their own risk.
Reserve Bank of Malawi 2025-01-30
Reserve Bank of Malawi revokes Carrick Wealth Limited’s registration as an investment adviser after it ceased operating in Malawi
The Reserve Bank of Malawi has revoked Carrick Wealth Limited’s registration as an investment adviser, citing the firm's cessation of business activities in Malawi. The action was taken under sections 26(1)(c) and 27(1)(h) of the Financial Services Act. The Registrar cautioned that engaging with Carrick Wealth Limited is at one's own risk.