KNF to suspend B3System trading indefinitely

The Financial Supervision Authority (KNF) has filed a motion to suspend the trading on the WSE of the IT company B3System indefinitely. According to KNF, B3System has filed incomplete information in its financial reports “regarding transfer transactions from the main company to its subsidiary, and also through failure to comply with information obligations due to lack of publication of reports for the first half of 2016 and for the third quarter of 2016,” the KNF statement said. The WSE suspended trading of B3System shares on June 6 at the KNF request.