In its official announcement, CySEC said:
The loss in ICF status does not affect the rights of clients covered by the Directive to compensation for investments made up to the point of loss.
RMG Holdings, a Cyprus-based company, has voluntarily renounced its CIF authorizations by March 2022. Trilt, a Forex and CFDs broker firm based in Cyprus decided to renounce their CIF license at the beginning of this year.
CySEC had withdrawn the ICF memberships from three firms earlier in February.
The post CySEC withdraws ICF membership from RMG Holdings & Trilt appeared initially on LeapRate.