Lift of suspension of the license of ASP Mutual Trust Ltd 

CySEC

The Cyprus Securities and Exchange Commission (CySec) announces the lift of the suspension of authorisation for providing Administrative Services of «Mutual Trust Limited» (‘the Company’), with number 44/196, pursuant to article 15(3) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (‘the Law’).

According to the announcement, CySec has been satisfied that the Company is in compliance with article 7(2) of the Law, namely that the Company’s management is exercised by at least two persons fulfilling the requirements of section 7(1) of the Law.

Therefore the registration of the Company in the Registry of authorised persons is restored.

The article 7(2) of the Law refers to:

The management of the licensed person must be undertaken by at least two persons meeting the requirements laid down in paragraph (1).

Paragraph (1) refers to: The persons who effectively direct the business of the applicant or the licensed person shall be of sufficiently good repute and sufficiently experienced, and hold sufficient academic or professional qualifications as to ensure the sound and prudent management of the licensed person.

Source: CySec

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