in Standard-Head.php
Following previous announcements dated 24 September 2015 and 2 November 2015,the Cyprus Securities and Exchange Commission, following a decision in the meetingdated 30 November 2015, announces that the authorisation of the Cyprus InvestmentFirm 'Falcon Brokers Ltd', with number 128/10, continuous to be suspended, pursuantto section 26(4)(b) of the Investment Services and Activities and Regulated Markets Law('the Law').
While the suspension of the authorisation is in force, Falcon Brokers Ltd:
1. Cannot provide/perform any investment services/activities, pursuant to section 26(5)of the Law.
2. Must, if existing clients so wish, without being considered in violation of section 26(5)of the Law,:
2.1. Close all open positions in relation to clients' contracts, or of its own, on theirmaturity date or on an earlier date if the client so wishes.
2.2. Return to existing clients all of their funds and profits earned.