The Cyprus Securities and Exchange Commission (CySEC) has announced the withdrawal of the Cyprus Investment Firm (CIF) authorisation of TTCM Traders Trust Capital Markets Ltd. The decision was taken during CySEC's meeting held on 14 May 2026.
According to the announcement, the withdrawn authorisation was CIF licence Number 107/09, held by TTCM Traders Trust Capital Markets Ltd, which is identified by the Legal Entity Identifier (LEI) 213800MII3P7DDIK2F11. The regulator stated that the withdrawal was 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 DI87-05.
CySEC clarified that the withdrawal of the authorisation was made due to the company's decision to expressly renounce its CIF licence. The announcement indicates that the regulatory action was taken in response to the firm's expressed intention, rather than as a result of enforcement or disciplinary measures disclosed in the source.
Regulatory basis for the decision
The decision references section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017, which governs the granting and withdrawal of investment firm authorisations in Cyprus. In addition, CySEC cited section 4(7) of Directive DI87-05 as part of the legal framework supporting the withdrawal.
By acting under these provisions, CySEC formally removed TTCM Traders Trust Capital Markets Ltd from the list of authorised Cyprus Investment Firms. The announcement underscores the role of the existing legislative and regulatory framework in managing changes to investment firm authorisations, including voluntary renunciations.
Implications of the withdrawal
With the withdrawal of CIF authorisation Number 107/09, TTCM Traders Trust Capital Markets Ltd is no longer authorised by CySEC to operate as a Cyprus Investment Firm under that licence. The announcement focuses specifically on the regulatory decision and the legal grounds cited by the authority.
The statement does not provide additional operational or commercial details regarding the company beyond its name, licence number, and LEI. It confines itself to confirming the date of the decision, the regulatory provisions applied, and the fact that the withdrawal followed the company's express renunciation of its CIF authorisation.
