CySEC Revokes CIF Authorization of AAA Trade and Stockstech Investments
Source: Chloe
The Cyprus Securities and Exchange Commission (CySEC) announced Tuesday the withdrawal of the Cyprus Investment Firm (CIF) authorisation with number 244/14 of AAA Trade Ltd, and number 419/22 of Stockstech Investments Ltd.
CySEC's decision to revoke the CIF authorisation of AAA Trade, Stockstech Investments was pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 and section 4(7) of Directive DI87-05.
The regulator explained that both companies voluntarily renounced the authorisation.
Last month, Fazzaco covered CySEC chairman's briefs on the 2023's supervisory efforts, including AML/CFT, fines, MiCA and beyond.
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