Withdrawal of authorisation of UBFS Invest powered by Moneychoice Brokers Ltd by the Cyprus Securities and Exchange Commission
JANUARY 20, 2017

The Cyprus Securities and Exchange Commission (“CySEC”) has notified the Malta Financial Services Authority (“MFSA”) that, in terms of its decision of the 28th November 2016, it has wholly withdrawn the authorisation of the Cyprus Investment Firm UBFS Invest powered by Moneychoice Brokers Ltd (“the Company”) and accordingly, the Company is no longer authorised by CySEC to carry out investment and ancillary services and activities as an investment firm. The Company is therefore no longer authorised to passport its services in Malta under Article 31 of the Markets in Financial Instruments Directive (Directive 2004/39/EC).

Prior to CySEC’s withdrawal of the Company’s CIF authorisation, the said authorisation was suspended in terms of CySEC’s decision of the 23rd May 2016. A public notice to this effect was issued by the MFSA on the 1 st July 2016 (MFSA Ref: 62-2016).

In view of the abovementioned withdrawal of authorisation by CySEC, the Malta Financial Services Authority strongly advises against responding to any offer of financial services from UBFS Invest Powered by Moneychoice Brokers Ltd.

MFSA Ref: 07-2017