CySEC Suspension of CIF licence Trademarker

CySEC Suspension of CIF licence Trademarker.

By Johan on Thursday,
CySEC Suspension of CIF licence Trademarker. The Cyprus Securities and Exchange Commission CySEC Suspension of CIF licence Trademarker (Cyprus) Ltd, which is operates via the brands SkyFX and Capital Option.

Regarding: Trademarker(Cyprus)Lt.

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.

Source: cysec.

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