In a regulatory decision, the
Cyprus Securities and Exchange Commission (CySEC) has announced the withdrawal
of Cyprus Investment Firm (CIF) authorization from Leverate Financial Services
Ltd. The decision, made during CySEC’s meeting on December 4, 2023, followed the
company’s explicit renunciation of its authorization.CySEC Response to Renounced
AuthorizationThe recent decision by the
company to voluntarily renounce its authorization has prompted CySEC to take
action in accordance with relevant provisions of the Investment Services and
Activities and Regulated Markets Law.The withdrawal of CIF
authorization effectively bars Leverate Financial Services Ltd from continuing
its operations within the regulatory framework overseen by CySEC…
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