Cyprus financial regulator Cyprus Securities and Exchange Commission (CySEC) has made another announcement today regarding the withdrawal of the CIF license of a company called Gobaba FX Cy Ltd.
The complete text of the regulator’s decision can be seen below:
Announcement date: 13.09.2018
CySEC Decision date: 10.09.2018
Regarding: Gobaba FX Cy Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
Subject: Withdrawal of CIF authorisation
The Cyprus Securities and Exchange Commission announces that, on its meeting of 10th September 2018, decided, pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017, to withdraw the Cyprus Investment Firm authorisation with Number 290/16 of Gobaba FX Cy Ltd (‘the Company’), due to the Company’s decision to expressly renounce it.