CySEC withdraws CIF authorisation of KAB Strategy
The Cyprus Securities and Exchange Commission (CySEC) has withdrawn the Cyprus investment firm (CIF) license of ΚΑΒ Strategy Ltd.
The decision was made in June 2023 but was announced today. The withdrawal is in line with 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 notes that the withdrawal is due to the company’s decision to expressly renounce its authorization.
KAB Strategy, which operates via the domain www.kabonline.com, was granted its CIF license back in June 2005.