The Cyprus Securities and Exchange Commission (CySEC) has announced three separate decisions taken during a recent meeting, reflecting its ongoing regulatory oversight of investment firms and funds operating in the country.

In one case, CySEC imposed a total administrative fine of €1,300 on WRDNB Ltd for failing to submit the required quarterly report for the fourth quarter of 2024 on time.

According to the commission, the company did not meet the deadline for filing the QST-CIF Form as required by a CySEC circular.

Moreover, CySEC said the fine was issued due to non-compliance with its reporting obligations.

In a separate development, CySEC confirmed that the AIFLNP Global M&A Opportunities Fund AIFLNP V.C.I.C. Limited has been dissolved and placed into voluntary liquidation.

The decision was made by the fund’s sole shareholder and communicated to CySEC by its external manager, GMM Global Money Managers Ltd. The fund held licence number LPAIF29/2014.

CySEC clarified that this was a voluntary action by the shareholder in line with the relevant procedures for alternative investment funds.

In a third decision, CySEC announced the withdrawal of the Cyprus Investment Firm licence held by Itrade Global (CY) Ltd.

The company held authorisation number 298/16 and had formally decided to renounce its licence.

CySEC confirmed that this was based on the company’s own request.