CySEC Withdraws CIF License of Felicitas Management Investment Services

The Cyprus Securities and Exchange Commission (CySEC) announced on Wednesday that it has decided to withdraw the Cyprus Investment Firm (CIF) License with Number 157/11 of Felicitas Management Investment Services Ltd.

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According to the Cypriot regulator, the decision was made in accordance with sections 76(1)(c) and 8(1)(c) of the Investment Services and Activities and Regulated Markets Law of 2017(‘the Law’). More specifically, the company violated section 22(1) of the Law, as it failed to comply with the conditions of Chapter I for the granting of an operating license and specifically in sections 9(16) (board of directors) and 10(1)(a)(governance regulations) of the Law.

The latest announcement made one day after CySEC announced its decision to withdraw the Cyprus Investment Firm (CIF) authorisation of Rodeler Ltd​, due to the company’s decision to expressly renounce it.