The Cyprus Securities and Exchange Commission (CySEC) announced the dissolution and liquidation of Wanterfell Investment AIFLNP V.C.I.C. Ltd following the total redemption of its units.
The fund, which operated as an Alternative Investment Fund with Limited Number of Persons (AIFLNP), carried License Number LPAIF123/2014.
CySEC explained that the dissolution was carried out under article 132(1)(d) of the Alternative Investment Funds Law of 2018.
The decision was communicated to the regulator by the fund’s external manager, T.C.R. International Ltd, in line with article 63(8) of the law.
What is more, CySEC said that the AIFLNP was placed into voluntary liquidation.
In a separate announcement, CySEC said that its board had determined that the influence exercised by Pavel Prozorov as the ultimate beneficial owner of Octa Markets Cyprus Ltd was prejudicial to the sound and prudent management of the company.
The decision was taken at a meeting of CySEC on August 25, 2025, and was made under article 11(3) of the Investment Services and Activities and Regulated Markets Law, also known as Law 87(I)/2017.
CySEC decided to suspend the exercise of the voting rights attached to the shares of Octa Markets Cyprus Ltd held by Prozorov, which constitute 95 per cent of the company’s share capital.
It also decided to prohibit Prozorov from exercising management duties on the board of directors of the firm.
CySEC stated that the measures took immediate effect.
In response to the commission’s decision, Octa Markets Cyprus Ltd issued the following statement:
“The European broker Octa (Octa Markets Cyprus Ltd) is an independent company duly registered and regulated in accordance with the laws of the Republic of Cyprus. We hold an investment firm licence No. 372/18 issued by the Cyprus Securities and Exchange Commission (CySEC). CySEC has taken targeted governance measures to ensure that no shareholder can influence the management or decision-making of Octa Markets Cyprus Ltd. Our Board of Directors independently oversees the firm in line with MiFID II/CySEC rules. The EU operation (octaeu.com) is separate from offshore brands operating outside the EU. No systems, client onboarding processes, or payment rails are shared between the EU CIF and any non-EU entities. Additionally, Octa Markets Cyprus Ltd does not offer services in India.
Our company is governed by a Board of Directors composed of highly competent professionals who act strictly within the boundaries of the law and applicable regulatory frameworks. None of the executives or managers of Octa Markets Cyprus Ltd is involved in any legal proceedings or investigations, nor are they associated in any way with the aforementioned organisations. The list of members of the Board of Directors is available upon request.
Furthermore, Octa Markets Cyprus Ltd does not offer or provide services in India, as clearly stated in our Client Agreement. The company has not received any notifications or complaints from law enforcement agencies.
We would like to emphasise once again that Octa Markets Cyprus Ltd operates in strict compliance with the financial regulations of the Republic of Cyprus and the European Union, and, we are implementing a comprehensive set of measures to improve our organisation and processes.”
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