CySec announced Renouncement of license of Cyprus Investment Firm
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that on 09 November 2016, the CIF Airfinance Pro Ltd (the ‘Company’), 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 CIF authorization with Νumber 206/13 lapsed as from the abovementioned 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 CySec until it settles its obligations arising from the investment services that lapsed.
Source: CySec – announcement-12-09-12-2016-regarding-the-renouncement-of-cif-license-of-airfinance-pro
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