Cyprus financial regulator Cyprus Securities and Exchange Commission (CySEC) has announced that it has decided to withdraw the CIF license of a company called Ouroboros Derivatives Trading Ltd.
The complete text of the regulator’s decision can be seen below:
Announcement date: 13.09.2018
CySEC Decision date: 03.09.2018
Regarding: Ouroboros Derivatives Trading 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 3rd 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 187/12 of Ouroboros Derivatives Trading Ltd (‘the Company’), due to the Company’s decision to expressly renounce it.