CySec announced Revocation of UCITS license
The Cyprus Securities and Exchange Commission has issued an announcement to inform about the revocation of the operation licence of the Local Common Fund ‘Argus Funds’ (umbrella scheme) (‘the Common Fund’) with number UCITS 04/78.
The Revocation is pursuant to section 9(6) of the Open-Ended Undertakings for Collective Investment (UCI) Law of 2012, due
to the non-submission by the Management Company, within three (3) months from the grant of its operational licence, of a certification by the Depositary regarding the deposit of the Common Fund’s initial assets.
Therefore, the operation licence of the sub-fund ‘Argus Greece & Cyprus Opportunities Fund’ is revoked.
Source: CySec
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