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Global Broker Regulation & Inquiry App
Cyprus Securities and Exchange Commission
Year 2001Regulated by Government
The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
Disclose broker
Disclosure summary
- Disclosure matching Website matching
- Disclosure time 2022-06-21
- Reason for punishment the Company’s decision to expressly renounce
Disclosure details
CySEC Decision
21 June 2022
CySEC Decision
Announcement date: 21.06.2022 CySEC Decision date: 09.05.2022
Regarding: SPA Financial Services Ltd
Legislation: The Investment Services and Activities and Regulated Markets Law
The Alternative Investment Fund Managers Law
Subject: Withdrawal of CIF authorisation
Granting of AIFM authorization
Judicial Review: Ν/Α Judicial Review Ruling: Ν/Α
The Cyprus Securities and Exchange Commission (“CySEC”) announces that, at its meeting
of 9
th May 2022, has 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 the company SPA Financial
Services Ltd (‘the Company’), due to the Company’s decision to expressly renounce it.
At the same meeting, CySEC decided to grant authorisation to the Company 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.
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