The Cyprus
Securities and Exchange Commission (CySEC) has taken decisive action against
KMG Capital Markets Ltd, revoking the firm’s license for managing Open-Ended
Undertakings for Collective Investment in Transferable Securities (UCITS). This
is the second time KMG has faced such a penalty, reflecting its consistent lack
of activity in the UCITS sector.CySEC Revokes KMG Capital
Markets’ UCITS Management LicenseOn 9
October…
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