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Monetary recommendation firm Woodbrook Group has renounced its Cyprus Funding Agency authorisation, the Cyprus Securities and Alternate Fee (CySec) introduced on 17 Might 2022.
The regulator allowed the agency to surrender its CIF authorisation in August 2021, however CySec has solely simply introduced its determination.
This information is no surprise as Woodbrook Group has been quiet within the business over the previous couple of years.
In line with Open Corporates, the agency has been dissolved since October 2021. It entered right into a voluntary winding course of between November 2021 till February 2022, when the method was accomplished.
Previous to its dissolution, Woodbrook Group had a failed acquisition try of Center East-based Mondial, deliberate to arrange an Irish life arm and likewise ready to qualify for itemizing on the Nasdaq inventory trade.
In line with the agency’s Linkedin web page, Woodbrook Group had operations in Cyprus, Spain, Switzerland, Romania, Hungary and Russia.
Woodbrook Group additionally owned a number of companies together with; Mutual Belief, Robusto Asset Administration and Felicitas. In line with Open Corporates, Mutual Belief was wound up, however Robusto AM is presently registered and Felicitas continues to be an lively firm.
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