CySEC Suspension of CIF licence Trademarker.
By Johan on Thursday,
The Cyprus Securities and Exchange Commission CySEC Suspension of CIF licence Trademarker (Cyprus) Ltd, which is operates via the brands SkyFX and Capital Option.
Legislation: The Investment Services and Activities and Regulated Markets Law.
Subject: Continuance of Suspension of CIF licence.
Following previous announcement dated15 February2016, the Cyprus Securities and-exchange Commission announces that the authorization of the Cyprus Investment Firm‘Trademarker(Cyprus)Ltd’, with number151/11,continuous to be suspended,pursuant to section26(2)of the Investment Services and Activities and Regulated Markets Law (‘the Law’).
During the time of the suspension of the authorisation, Trademarker (Cyprus) Ltd:
1. Cannot provide/perform any investment services/activities, pursuant to section 26(5) of the Law.
2. Must, if existing clients so wish, without being considered in violation of section 26(5) of the Law,:
2.1. Close all open positions in relation to clients’ contracts, or of its own, on their maturity date or on an earlier date if the client so wishes.
2.2. Return to existing clients all of their funds and profits earned.