CySEC Withdraws TioMarkets CY Licence
By Abdelaziz Fathi
AI summary of the source article
CySEC has withdrawn TioMarkets CY Ltd's Cyprus Investment Firm authorisation after the broker expressly renounced its licence. The voluntary surrender ends the firm's regulated status in Cyprus without any cited compliance breaches or enforcement actions.
Why it matters
The text states that "The Cyprus withdrawal therefore narrows the group's regulated footprint in the European market rather than establishing that all TIOmarkets operations have ceased."
Key facts
- CySEC announced the withdrawal of CIF licence 429/23 on October 30 following a September 28 board meeting.
- The withdrawal was executed under section 8(1)(a) after TioMarkets CY voluntarily renounced its authorisation.
- The regulator cited no compliance breaches, disciplinary findings, or enforcement actions in connection with the withdrawal.
Source excerpt · FinanceFeeds
The Cyprus Securities and Exchange Commission has withdrawn the Cyprus Investment Firm authorisation of TioMarkets CY Ltd after the broker expressly renounced its licence, ending the company's regulated investment-services status in Cyprus. CySEC announced the decision on October 30, following a board meeting held on September 28. The withdrawal covers CIF authorisation number 429/23, which TioMar…