The supervisory authority Cyprus Securities Exchange Commission (Cysec), on 23 December 2021, reports that it had adopted, at the end of the investigation activity against the Cypriot investment firm AFX Capital Markets Ltd - already subject to suspension of the authorisation starting from 19 July 2019 - a measure withdrawing the authorisation to operate in Cyprus and throughout the European Union, including Italy, of AFX Capital Markets Ltd.

At the same time, Cysec also announced that it had taken certain sanctioning measures against some AFX Capital Markets Ltd's Board of Directors.