The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) authorization of Viverno Markets Ltd.
The firm has not provided investment services or performed investment activity for the six months that preceded the suspension of its licence, on 24.10.2024, and specifically from 1.1.2024 and thereafter.
Due to the withdrawal of the company’s authorisation, the company must, among others:
- Publish on all its websites an announcement informing the public about the withdrawal of its license, as well as the procedure to be followed by its clients, within the timeframe imposed by the Company, for the completion of their transactions, the return of their funds and financial instruments, as well as for the filing of any possible complaints.
- Inform every client separately, in the same medium used by the Company pursuant to section 3 of Regulation (EU) 2017/565, of the procedure under point 1 above.
- Return all funds and financial instruments belonging/attributable to its clients, including any profits.
- Examine and resolve all clients’ complaints/reports submitted to the Company.
- Ensure it does not provide investment and ancillary services.
- Maintain fully fledged offices for processing the activities mentioned above.
Viverno Markets’ previous names include: BDSwiss Holding Ltd, Keplero Holdings Ltd, Bdswiss Holding Plc.
