**CySEC Removes Epamina Corporate Ltd from Register and Revokes ICF Memberships of Three Firms**
The Cyprus Securities and Exchange Commission (CySEC) has made significant regulatory decisions affecting several firms in the financial services sector. As of December 31, 2025, Epamina Corporate Ltd has voluntarily relinquished its authorization to provide administrative services, leading to the company's removal from CySEC's register of licensed persons.
According to CySEC's announcement, Epamina Corporate Ltd waived its authorization under Section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as amended. This decision resulted in the lapse of the company’s authorization number 121/196, which had previously been granted by the regulator. Consequently, the firm is no longer permitted to provide administrative services from the specified date, and CySEC has permanently deleted Epamina Corporate Ltd from its register of licensed persons.
In a related development, CySEC also announced the withdrawal of membership from the Investors Compensation Fund (ICF) for three companies: Conotoxia Ltd, TTCM Traders Trust Capital Markets Ltd, and OBR Investments Ltd. This action follows CySEC's decision to revoke the Cyprus Investment Firm (CIF) authorizations of these companies.
CySEC clarified that the withdrawal of membership from the ICF does not affect the rights of covered clients to receive compensation for investment operations conducted prior to the termination of membership. The commission emphasized that these rights remain intact, provided that clients meet the relevant conditions outlined in the directive governing the fund's operations. Furthermore, the withdrawal of membership does not hinder the initiation of compensation procedures for eligible clients.
The decisions made by CySEC reflect the regulator's ongoing commitment to maintaining the integrity and stability of the financial services sector in Cyprus. By enforcing compliance and ensuring that firms adhere to regulatory standards, CySEC aims to protect investors and uphold the reputation of the financial market.
As the financial landscape continues to evolve, regulatory bodies like CySEC play a crucial role in overseeing the operations of investment firms and ensuring that they operate within the legal framework. The removal of Epamina Corporate Ltd from the register and the revocation of ICF memberships for the three firms serve as reminders of the importance of compliance in the financial industry.
Investors and clients are encouraged to stay informed about the status of their service providers and to understand their rights regarding compensation and other regulatory matters. CySEC's actions highlight the necessity for firms to maintain their licenses and memberships to ensure continued service to their clients.