CySEC Cancelled the CIF Licenses of These 3 Companies

1. F1Markets Ltd

Dec 5, 2022, the Cyprus Securities and Exchange Commission decided, pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 and section 4(7) of Directive DI87-05, to withdraw the Cyprus Investment Firm authorisation with Number 267/15 of F1Markets Ltd, due to the company’s decision to expressly renounce it.

Announcement Date: Feb 9, 2023

2. Inveza Capital Ltd

Dec 5, 2022, the Cyprus Securities and Exchange Commission decided, pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 and section 4(7) of Directive DI87-05, to withdraw the Cyprus Investment Firm authorisation with Number 209/13 of Inveza Capital Ltd (LEI 21380072YOYRXZ8TKE88), due to the company’s decision to expressly renounce it.

Announcement Date: Feb 14, 2023

3. MAGNUM FX (CYPRUS) LTD

Jan 23, 2023, the Cyprus Securities and Exchange Commission decided, pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 and section 4(7) of Directive DI87-05, to withdraw the Cyprus Investment Firm authorisation with Number 359/18 of MAGNUM FX (CYPRUS) LTD (LEI 213800H18IXNAMNAEI50), due to the company’s decision to expressly renounce it.

Announcement Date: Feb 14, 2023

On the first day of the month, CySEC also announced the cancellation of FF Simple and Smart Trades Investment Services Ltd's CIF license.