BrightPool Licence Withdrawn
The Cyprus Securities and Exchange Commission (CySEC) has taken a decisive step by withdrawing the Cyprus Investment Firm licence from BrightPool Ltd. On October 13, 2025, CySEC formally cancelled the authorisation, number 378/19, following the company’s decision to relinquish its status. This move signals the regulator’s proactive approach in aligning market operations with stringent compliance standards.
Liquidation of SCITUS Global Real Estate
In a parallel regulatory development, external manager GMM Global Money Managers AIFM Ltd initiated the dissolution and liquidation process for the SCITUS GLOBAL REAL ESTATE compartment. The compartment is part of SCITUS GLOBAL CAPITAL HOLDINGS RAIF V.C.I.C. LTD, a Registered Alternative Investment Fund (RAIF). Until the dissolution and liquidation processes are fully completed and all requisite documents are submitted, the compartment will continue to be listed in the RAIF registry with a notice stating “under liquidation”.
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Liquidation Process for GRAVITY Fund I
Similarly, AFICAP MANAGERS LTD has informed CySEC of the commencement of the dissolution and liquidation procedures for the GRAVITY FUND I compartment. This compartment is managed under GRAVITY FUND RAIF V.C.I.C. PLC, also registered as a RAIF. Consistent with regulatory guidelines, the compartment will remain on the RAIF registry marked “under liquidation” until the process is finalized and all necessary documentation is received by the regulator.
These regulatory actions underscore CySEC’s steadfast commitment to market integrity and compliance. By ensuring that these investment vehicles undergo proper dissolution and liquidation procedures, CySEC reaffirms its dedication to maintaining transparency and rigor in the financial landscape.
