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CySEC Withdraws CIF License of Viverno Markets Ltd
Abstract：The Cyprus Securities and Exchange Commission (CySEC) has officially revoked the Cyprus Investment Firm (CIF) authorization of Viverno Markets Ltd, effective May 9, 2025. This decision follows a six-month period during which the firm did not provide investment services or engage in investment activities, beginning from January 1, 2024.
The Cyprus Securities and Exchange Commission (CySEC) has officially revoked the Cyprus Investment Firm (CIF) authorization of Viverno Markets Ltd, effective May 9, 2025. This decision follows a six-month period during which the firm did not provide investment services or engage in investment activities, beginning from January 1, 2024.
Background
Viverno Markets Ltd, previously known as BDSwiss Holding Ltd, Keplero Holdings Ltd, and BDSwiss Holding Plc, operated under the Viverno brand, offering liquidity and technology solutions to other contracts for differences (CFDs) brokers. The firm held a CIF license issued by CySEC, allowing it to provide investment services within the European Economic Area.
Regulatory Findings
CySEC's decision to withdraw Viverno Markets' CIF license was based on the firm's failure to meet the regulatory requirement of having at least two persons effectively directing the business of the company. This non-compliance raised concerns about the protection of clients and investors, as well as the orderly operation and integrity of the market.
Client Actions
Clients of Viverno Markets Ltd are advised to:
- Withdraw Funds: Initiate the withdrawal of any remaining funds and financial instruments held with the firm.
- Submit Complaints: File any outstanding complaints or issues with the company promptly.
- Stay Informed: Monitor official communications from Viverno Markets Ltd regarding the procedures for asset retrieval and complaint submission.
Conclusion
The withdrawal of Viverno Markets Ltd's CIF license underscores the importance of regulatory compliance in the financial services industry. Clients are encouraged to act swiftly to secure their assets and address any concerns with the company.
#CYSEC
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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