CySec announced that a Cyprus Investment Firm renounced its authorisation
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that on 31 March 2016, the CIF Glestimon Management Limited, which provided investment services via the domain www.glestimon.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 (the ‘Law’).
Therefore, the authorization with Νumber 233/14 lapsed as from the above mentioned date.
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 noted that, in accordance with section 25(4) of the Law, the Company 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 – Announcement 06-10-2016 regarding Glestimon Management Limited
