CySec announced Renouncement of license of a Cyprus Investment Firm (CIF)
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that on 23 May 2016, the CIF Grow Wealth Assets Limited (the ‘Company’), which provided investment services via the domain www.growwealthassets.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 176/12 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 06-30-2016 Grow Wealth Assets Limited
Related Posts
CySec announced two new firms approved as Cyprus Investment Firms- CySec clarifies regarding the renounced of Pegase Capital CIF license
- CySec announced that a Cyprus Investment Firm renounced its authorisation
CySEC announced the authorization of two new Cyprus Investment Firms- A new Cyprus Investment Firm is authorised by CySec
