CySEC withdraws the CIF licence of AFX Capital Markets Ltd

Cyprus Securities Exchange Commission (CysSEC), on 23 December 2021, announced that its invesigation activity against the Cypriot Investment Firm  AFX Capital Markets Ltd has ended.

The firm does not longer meets the conditions under which the authorisation was granted, and particularly is in violation of section 22(1) of L. 87(I)/2017 as it does not comply at all times with the conditions for authorisation.

At the same time, CySEC also announced that it had taken certain sanctioning measures against some AFX Capital Markets Ltd's Board of Directors.