CySEC Ends TIOmarkets' CIF Authorisation Following Company Request
By Tareq Sikder
AI summary of the source article
CySEC has withdrawn the investment firm licence of TIOmarkets CY Ltd following the company's voluntary surrender of its authorisation. Separately, TIOmarkets announced the appointments of Andreas Skianis as Global Head of Partners and Nick Jay as Chief Operating Officer.
Key facts
- CySEC approved and announced the withdrawal of TIOmarkets CY Ltd's licence after the firm voluntarily renounced its authorisation.
- TIOmarkets originally obtained its CySEC licence in 2023, and no regulatory breach or enforcement action was cited in the withdrawal.
- TIOmarkets appointed Andreas Skianis as Global Head of Partners and Nick Jay as Chief Operating Officer and FX Consultant.
Source excerpt · Finance Magnates
The Cyprus Securities and Exchange Commission has withdrawn the investment firm licence of TIOmarkets CY Ltd after the company decided to surrender its authorisation. London's trading industry is coming home! The decision follows several similar exits by Cyprus-regulated brokers. CySEC withdrew the authorisation of TTCM Traders Trust Capital Markets in June this year. Earlier, the regulator withdr…