CySec informs that a firm providing Administrative Services waived its authorisation
The Cyprus Securities and Exchange Commission (CySec) has issued an announced to inform that:
On 27th July 2015, the Company Providing Administrative Services STM (Cyprus) Ltd (the ‘Company’), waived its authorization pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (the ‘Law’). Therefore, the authorization with Νumber 111/196 lapsed as from the aforementioned date and CySec has permanently deleted STM (Cyprus) Ltd, from the Register.
It is noted that, in accordance with section 16(4) of the Law, the Company remains under the supervision of the CySEC until its compliance with any of its outstanding obligations.
Source: CySec – Waiver of authorisation license of ASP STM (Cyprus)-Ltd
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