CySec announced that a Cyprus Investment Firm renounced its CIF licence
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that on 9th December 2015, the CIF SA&PM (Cyprus) Limited, which provided investment services via the domain www.sapm.com.cy, renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’).
Therefore, the authorization with Νumber 033/04 lapsed as from the above mentioned date.
It is noted that, in accordance with section 25(4) of the Law, SA&PM (Cyprus) Limited remains under the supervision of the Cyprus Securities and Exchange Commission until it settles its obligations arising from the investment services or/and activities that lapsed.
Source: CySec
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