CySEC revokes CIF license of Leverate

The Cyprus Securities and Exchange Commission (CySEC) has withdrawn Leverate Financial Services Ltd.'s Cyprus Investment Firm (CIF) authorization. The decision was made at CySEC's meeting on December 4, 2023, after the firm officially resigned its authorization.

The Authority stated The Cyprus Securities and Exchange Commission anneounces that, on its meeting of 4th December 2023, has decided, pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 and section 4(7) of Directive D187-05, to withdraw the Cyprus Investment Firm authorisationwith Number 160/11 of Leverate Financial Services Ltd (LEI 549300LIT450323BK688) ('the Compariny'), due to the Company's decision to expressly renounce it.

The removal of CIF authorization effectively prohibits Leverate Financial Services Ltd from continuing to operate within the regulatory framework governed by CySEC.

About CySEC

The Cyprus Securities and Exchange Commission (CySEC) is the independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association, as well as Crypto-Asset Services Providers.

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