Admirals Group AS announced that its subsidiary, Admirals MENA Limited in the United Arab Emirates, has requested the cancellation of its Financial Services Permission from the Financial Services Regulatory Authority.
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Meanwhile, Admirals is selling its Australian subsidiary as part of a plan to optimise its geographic focus. The company said it has entered into an agreement with an unrelated party for the sale. The Australian entity is a wholly owned subsidiary of Admirals Group AS, the Estonian parent company that oversees several entities operating under the Admirals brand.
Admirals Cancels UAE License
The FSP covered the regulated activity of Dealing in Investments as Principal. The FSRA approved the cancellation, effective 4 November 2025. Admirals said the cancellation is part of its broader effort to focus resources on regions with higher growth potential.
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In 2023, the company also announced plans to merge with its Estonian subsidiary, Admirals Markets AS, and to withdraw that entity’s investment company license as part of the merger .
AMTS Solutions Management Acquires Majority Stake from Admirals
Recently, AMTS Solutions, long associated with Admirals Group AS, took a step toward independence after its management team acquired a majority stake. Led by Dmitry Rannev, co-founder Vitaly Myrsikov, and technical director Yuri Kovalenko, the buyout gives AMTS full control over operations, with Rannev holding 33% and Myrsikov 5%. Financial details of the deal were not disclosed.
The company is shifting focus from primarily serving Admirals to expanding its client base and offering trading technology to a wider market. Key initiatives include a new web application for broker account administration and an aggregated liquidity pool under RannForex’s FSA license.
AMTS also continues to develop its software stack, supporting multiple liquidity providers , flexible execution models, risk management systems, and advanced order execution features. With nearly two decades of experience, the firm aims to attract brokers with competitive pricing and operational efficiency, positioning itself for growth in the trading technology sector.
