Proven Investment Limited (JMSE:PROVEN) entered into an agreement to acquire International Financial Planning (Cayman) Ltd on January 11, 2018. The offer is subject to regulatory approval within the various jurisdictions. As on August 8, 2018, Proven has been granted regulatory approval from the Cayman Islands Monetary Authority, the Bermuda Monetary Authority and the British Virgin Islands Financial Services Commission. The transaction is expected to close by month end August 2018.