CySec Withdraws AIFLNP Authorization of CLEGANE FUND LTD

The Cyprus Securities and Exchange Commission (CySec) announced that it has withdrawn the AIFLNP (Alternative Investment Funds with Limited Number of Persons) authorisation with number LPAIF74/2014 of CLEGANE FUND LTD, pursuant to article 133(1)(f) of the Alternative Investment Funds Law of 2018.

The financial watchdog elaborated that the action was taken as the indicated company has expressly renounced its authorisation.

Further to the above, CLEGANE FUND LTD is dissolved and put into liquidation in accordance with the provisions of article 132 of the aforementioned Law.

Previously, Fazzaco reported that CySEC has exposed six websites​ not belonging to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities.