Cypriot regulator withdraws CIF authorisation of SPA Financial Services
The Cyprus Securities and Exchange Commission (CySEC) announces that, at its meeting held on May 9, 2022, it decided, pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017, as amended, to withdraw the Cyprus Investment Firm (CIF) authorisation with Number 141/11 of SPA Financial Services Ltd.
The withdrawal reflects the company’s decision to expressly renounce its CIF authorization.
At the same meeting, CySEC decided to grant authorisation to SPA Financial Services as Alternative Investment Funds Manager (AIFM), pursuant to section 8 of the Alternative Investment Fund Managers Law of 2013, as amended.
It is noted that the company intends to maintain its current registered name, as well as its current domain name.