SUSPENSION OF LICENCE
OASIS GLOBAL FX,S.A (IFSC/60/486/TS/19)
This SUSPENSION ORDER is made by the International Financial Services Commission (“the Commission”) on 7th May 2019 pursuant to section (78) of the International Financial Services Commission Act, Chapter 272 of Substantive Laws of Belize, Revised Edition 2011 (the “Act”),which authorizes the Commission for good and proper cause and after giving the licencee an opportunity to make representation to cancel or suspend a licence granted under the Act.
The Commission via letter dated 23rd April 2019 gave Oasis Global FX, S.A (the”Company”) an opportunity to show why the Commission “…should not suspend the Trading in Financial and Commodity -Based Derivative Instruments and other Securities Licence held by the Company”. The Company failed to reply to the Commission’s request to show case.
After due consideration,the Commission hereby gives NOTICE that the licence granted to the Company for the Licence for Trading in Financial and Commodity -Based Derivative Instruments and other Securities (IFSC/60/483/TS/19) is SUSPENDED until further notice.