The Cyprus Securities and Exchange Commission (CySEC) has withdrawn the Cyprus Investment Firm (CIF) license of Maxiflex Ltd, owner of brands such as EuropeFX.
The announcement about the license withdrawal was published today although the relevant decision was made at a CySEC meeting held on December 5, 2022.
The regulator decided to withdraw the CIF authorisation of Maxiflex Ltd pursuant to article 9(3)(b) of the Directive DI87-05 for The Withdrawal and Suspension of Authorisation (‘the DI87-05’) and articles 8(1)(c) and 71(6)(c) of the Investment Services and Activities and Regulated Markets Law of 2017, as in force (‘the Law’).
CySEC reached to the above decision, due to the company’s non-compliance…
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