CySEC Withdraws TTCM Traders Trust Capital Markets Licence

The Cyprus Securities and Exchange Commission has withdrawn the Cyprus Investment Firm authorisation of TTCM Traders Trust Capital Markets Ltd, after the company chose to renounce its licence.

The firm had operated as a CFD broker, offering leveraged products across forex, indices, commodities, metals and shares. Following the withdrawal, TTCM Traders Trust Capital Markets Ltd is no longer authorised under the Cyprus Investment Firm framework.

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TTCM leaves the Cyprus licence regime

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Reporting and supervision remain in focus

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TTCM leaves the Cyprus licence regime

CySEC said the withdrawal was based on the companys own decision to give up its authorisation. The regulator confirmed that the licence has been formally removed and that judicial review does not apply to the decision.

The case is part of a wider pattern in which some investment firms have exited the Cyprus framework by surrendering their authorisations. For CFD brokers, Cyprus has long been used as a European regulatory base, but keeping a Cyprus licence also means ongoing reporting, governance, compliance and supervisory obligations. Some firms may therefore choose to reduce their licensed footprint rather than continue operating under the same structure.

Reporting and supervision remain in focus

Separately, CySEC has issued reporting instructions for branches of EU investment firms operating in Cyprus, as well as crypto asset service providers registered in the country. These firms must submit annual statistical data through the regulators electronic reporting system, with submissions validated through feedback files. If errors are found, firms are required to correct and resubmit the data.

The regulator also warned that failure to meet reporting requirements may lead to administrative penalties. In addition, CySEC plans to conduct on-site inspections and desk-based reviews during 2026 as part of a broader supervisory exercise coordinated at the European level. These reviews are expected to examine areas such as staff remuneration, trading platform design and possible conflicts of interest.

For firms operating under the Cyprus framework, the latest actions show that authorisation is not a one-time formality. It comes with continuous reporting duties, internal control expectations and the possibility of regulatory review after the licence has been granted.

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