Mutual Trust Limited suspended by CySEC

Mutual Trust Limited suspended by CySEC.

The Cyprus Securities and Exchange Commission (CySEC) announced that the license for the provision of administrative services to the Company Mutual Trust Limited suspended that license number 44/196.

Pursuant to section 15(1)(b) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (‘the Law’), as there are suspicions of an alleged violation of section 23(1) of the Law, due to the Company’s possible non compliance, at all times, with the authorization condition provided for in section 7(2) (persons who effectively manage the business) of the Law.

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