CySEC withdraws the license of Postscriptum Capital Ltd following the company’s decision to renounce it.
CySEC withdraws CIF license of Postscriptum Capital
The Cyprus Securities and Exchange Commission (CySEC) confirmed on Tuesday that it has withdrawn the Cyprus Investment Firm (CIF) License of Postscriptum Capital Ltd, as of September 9, 2019. As of this date, the firm is no longer licensed or regulated by CySEC and cannot provide financial or ancillary services.
Postscriptum Capital Ltd, a Cyprus-based investment company with license number 284/15 has notified the Cypriot regulator of its intention to renounce its CIF authorization. A visit to the company’s website now shows the following message:
Dear Valued Client,
We would like to inform you that Postscriptum Capital Ltd (hereafter the “Company” or “Postscriptum”) with license number 284/15 has decided to proceed with the voluntary withdrawal of its Cypriot Investment Firm authorization.
In this respect, please note that the domains, http://ps.capital , , and http://pscapital.eu ,operated by the Company for informative purposes only, will cease their operations subject to the Company’s decision to proceed with the withdrawal of its CIF authorization.
All the Company’s clients will be notified independently via email for further actions in relation to their account(s).
The aforesaid termination does not affect in any way your right to terminate your agreement either now or at a later stage by requesting the closure of your trading account and withdrawal of your available balance. Kindly note that trades/withdrawal requests and closure of trading accounts shall be made, in writing, the latest by 31.10.2018
Due to the immediate actions that need to be undertaken, the Company will ensure that the closing of accounts, as well as withdrawal requests, will be dealt with immediately.
It shall be clarified that the Company is fully aware of the legal requirements and obligations in relation to the renouncement of its license and will proceed with all the necessary actions that are required to be taken.
Please contact us directly at the following details in case you need any further clarifications.
Phone: +357 25 023934
We remain at your disposal.
Irakli Chaduneli / CEO
Postscriptum Capital Limited”
About Postscriptum Capital Ltd
Postscriptum Capital Ltd is an investment company in Cyprus fully licensed by the CySEC. The company offers investment services such as reception and conveyance of orders concerning one or several financial instruments, implementation of orders as client’s portfolio management, and investment advice.
The company also offers auxiliary services such as the custody and management of financial instruments, granting credit or loans to one or more financial instruments.
Under the Cypriot regulatory framework, Postscriptum Capital Ltd must return all outstanding balances to its clients and handle all of their complaints.
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