Cyprus regulator CySEC announced today that it has decided, under article 64(1)(f) of the Alternative Investment Funds Law of 2018 (‘the Law’), to withdraw the authorization of IC2 Venture Capital Investment Compartment (the Investment Compartment) of the company Mega Ploutos AIF Variable Capital Investment Company Plc (the AIF), as the AIF has expressly renounced the authorization of its investment compartment.
The said Investment Compartment of the AIF is dissolved and put into liquidation in accordance with the provisions of article 63(1)(a) of the Law. As per article 9(7)(a) of the Law, the dissolution and liquidation of the Investment Compartment does not result in the dissolution and liquidation of other investment compartments and/or of the AIF itself.
