CySEC announces lapse of authorisation license of V.M.L Venture Management Ltd


The Cyprus Securities and Exchange Commission (CySEC) has announced that, on 31st May 2018, the Company Providing Administrative Services V.M.L Venture Management Ltd (the ‘Company’), waived its authorisation pursuant to section 16(2) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (the ‘Law’).

Therefore, the Company’s authorisation with Νumber 55/196, which was granted by CySEC, lapsed as from the aforementioned date and CySEC has permanently deleted V.M.L Venture Management Ltd from the Register.

It is noted that, in accordance with section 16(4) of the Law, the Company remains under the supervision of CySEC until its compliance with any of its outstanding obligations.

The official announcement can be seen here.

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