LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
The Cyprus Securities and Exchange Commission (CySEC) announced that, on 6th November 2017, the CIF Dragon Options Ltd (‘the Company’) has renounced its authorisation, 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 authorisation with Νumber 223/14 lapsed as from the abovementioned date.
Dragon Options Ltd used to provide investment services via the domains www.taotrade.com, and www.dragonoptions.com.
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 or/and activities that lapsed.
It is noted that, in accordance with section 25(4) of the Law, the Company remains under the supervision of CySEC until CySEC is satisfied that the Company settled its obligations arising from the investment services or/and activities that lapsed.
The official CySEC announcement can be seen here.