CySec informs in relation to the announcement of Hungarian supervisory Authority for a specific Cyprus Investment Firm
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CySec wants to clarify in relation to an announcement issued last Thursday by the competent supervisory Authority of Hungary (Magyar Nemzeti Bank) and subsequent press reports, that:
Read more: Magyar Nemzeti Bank announcement on a Cyprus Investment Firm
- The announcement by the Hungarian supervisory Authority was issued following consultation with the CySec.
- In relation to investor complaints against the said company, the CySec, as it has already announced on 6 August 2015, is investigating potential violations of the Legislation by the specific Cyprus Investment Firm.
- The aforementioned investigation is ongoing, and therefore, at present there isn’t anything to announce. The CySec will inform investors of further developments, if deemed necessary.
Source: CySec – Announcement-09-18-2015 re-announcement by competent Authority of Hungary