CySec clarifies regarding the renounced of Pegase Capital CIF license 

The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to further clarify regarding its announcement dated May 26 for the Cyprus Investment Firm Pegase Capital Ltd.

The Cyprus Securities and Exchange Commission (CySec) announces that, on 13th May 2016, the CIF Pegase Capital Ltd, which provided investment services via the domains www.interactiveoption.com, www.interactive-option.com, www.hellobrokers.com, www.mtxplus.com, www.pegasecapital.com, renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force.

Therefore, the CIF authorization with Νumber 225/14 lapsed as from the above mentioned date. It is noted that the Company’s letter to renounce its authorization was received while CySec had suspended the said authorization and its decision to revoke, or not, the authorization, was pending subject to sections 25(1)(b) και (c) και 26(4)(b) of the Law.

The Company is obliged to settle within a period of three (3) months, pursuant to section 24(3) of the Law, its obligations arising from the investment services that lapsed.

It is further noted that the Company must, within the three month period of section 24(3) of the Law, proceed with the following:

i. Close all clients’ open trading positions.

ii. Return to all of its clients any money owed (account balances) including any profits they made and are due for payment.

iii. Examine and solve all complaints before it.

In the course of ensuring the return of clients’ money and to ensure the proper execution of the Company’s actions/obligations, CySec has made specific suggestions to the Company.

It is noted that, in accordance with section 25(4) of the Law, the Company remains under the supervision of the CySec until it settles its obligations arising from the investment services that lapsed.

CySec has called the Company to proceed with changes in its website and/or in any other website so that, any references regarding authorization and supervision of the Company by CySec, be removed.

Source: CySec – Announcement 05-27-2016 Pegase Capital Ltd

---