CySec announced withdrawal of suspension of Cyprus Investment Firm authorisation
The Cyprus Securities and Exchange Commission (CySec) has issued today an announcement to inform that, further to its Decision published on 13th July 2017, informs the public that, at its meeting dated 2 October 2017, decided to withdraw the suspension of the authorisation of the Cyprus Investment Firm OptionRally Financial Services Ltd (“the Company”), number 220/13, pursuant to section 26(4)(a) of the investment Services and Activities and Regulated Markets Law of 2007, as in force (“the Law”), as it has been satisfied that the Company complied with section 28(1) of the Law as regards the authorisation and operating condition of Section 18(2)(j) of the Law (Protection of clients’ funds), with section 67 of the Law (Own funds) and with Article 92(1) of the European Regulation No. 575/2013 (Capital adequacy ratio).
Source: CySec – Decision regarding the withdrawal of suspension
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