The Cyprus Securitiesand Exchange Commission has withdrawn the investment firm licence of TIOmarketsCY Ltd after the company decided to surrender its authorisation.London's trading industry is coming home!The decision followsseveral similar exits by Cyprus-regulated brokers. CySEC withdrew theauthorisation of TTCMTraders Trust Capital Markets in June this year. Earlier, the regulatorwithdrew HTFX's licence in January, FIBOMarkets' licence in September last year and FXTM'sauthorisation in May 2024. All four withdrawals followed voluntarydecisions by the companies to give up their Cyprus licences.CySEC Confirms Withdrawal of TIOmarkets'LicenceCySEC said it approvedthe withdrawal at a meeting in September and announced it today (Friday). Thecompany had "expressly renounce[d]" its Cyprus Investment Firmauthorisation.TIOmarkets CY receivedits CySEC licence in 2023, allowing it to operate as a regulated investmentfirm in Cyprus. The withdrawal was made under the country's investment serviceslaw and the relevant regulatory directive.CySEC did not providefurther details about the company's reasons for surrendering its licence. Theannouncement did not cite any regulatory breach or enforcement action againstthe firm.Finance Magnates contacted TIOmarkets forcomment on the licence withdrawal but had not received a response by the timeof publication.TIOmarkets Adds Two Senior ExecutivesSeparately, AndreasSkianis announced that he had joined TIOmarkets as Global Head of Partners.He previously held the same position at IC Markets and worked at IronFX,M4Markets and HotForex. The company also hired Nick Jay as Chief OperatingOfficer and FX Consultant.This article was written by Tareq Sikder at www.financemagnates.com.