CySec announced that a Cyprus Investment Firm renounced its authorization 


The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that on 11th July 2016, the CIF U.P.M. Ltd, which provided investment services via the domain, 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 084/07 lapsed as from the above mentioned date.

CySec informs that, U.P.M. Ltd has settle its obligations arising from the investment services or/and activities that lapsed.

Source: CySec –  Announcement 07-26-2016 renouncement CIF license UPM Ltd

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