Tag: Cyprus Securities and Exchange Commission

cysec cif license
September 14, 2018 BY Valentina Kirilova

CySEC withdraws CIF license of Ouroboros Derivatives Trading Ltd

Cyprus financial regulator Cyprus Securities and Exchange Commission (CySEC) has announced that it has decided to withdraw the CIF license of a company called Ouroboros Derivatives Trading Ltd. The complete text of the regulator's decision can be seen below: Announcement date: 13.09.2018 CySEC Decision date: 03.09.2018 Regarding: Ouroboros Derivatives Trading Ltd Legislation: The Investment Services…

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cysec cif license
July 20, 2018 BY Valentina Kirilova

CySEC suspends CIF license of Retail FX broker IGM Forex Ltd

Cyprus financial regulator CySEC has suspended the CIF license of Limassol-based FX broker IGM Forex. CySEC stated that its decision to suspend IGM Forex was based on suspected violations of rules regarding the company's own funds, and the company's capital adequacy ratio. The full text of the CySEC notice follows: 20 July 2018 CYSEC Decision…

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cysec cif license
July 04, 2018 BY Valentina Kirilova

CySEC withdraws CIF license of B.O. Tradefinancials Ltd

The Cyprus Securities and Exchange Commission (CySEC) has announced that, on its meeting of 25th June 2018, has decided, pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 (ΝI87(I)/2017), as in force (‘the Law’), to wholly withdraw the Cyprus Investment Firm authorisation with number CIF 216/13 of the…

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June 27, 2018 BY Valentina Kirilova

CySEC fines SFS Group Public Ltd and Agroton Public Ltd

The Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed the public that, at its meetings held on 4th June 2018, decided to impose the following administrative fines for violations of the Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law of 2007, as amended (‘the Law’), in regard…

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June 22, 2018 BY Valentina Kirilova

CySEC withdraws license of AIF Deltamax Fund Variable Capital Investment Company Ltd

The Cyprus Securities and Exchange Commission (CySEC) has announced that, on its meeting of 04 June 2018, has decided, pursuant to section 9(6) of the Alternative Investment Funds Law (AIF Law), to withdraw the authorisation of two (2) investment compartments of the AIF Deltamax Fund Variable Capital Investment Company Limited, namely - Deltamax European Property…

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June 20, 2018 BY Valentina Kirilova

CySEC to withdraw Management Company license of Ankor Capital Ltd

The Cyprus Securities and Exchange Commission (CySEC) has just announced that, on its meeting of 30 April 2018, has decided, pursuant to section 121(1)(a) of the Open-Ended Undertakings for Collective Investment Law (UCI Law), to withdraw the authorisation of Ankor Capital Ltd as Management Company, as it has expressly renounced its authorisation. Following the decision…

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May 25, 2018 BY Valentina Kirilova

CySEC to withdraw ASP authorisation of Standville Limited

The Cyprus Securities and Exchange Commission (CySEC) has announced that, at its meeting held on 23rd April 2018, decided, pursuant to sections 14(1)(a) and 14(1)(c) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (‘the Law’), to withdraw the Administrative Services Provider authorisation with Number 20/196 of Standville…

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April 27, 2018 BY Valentina Kirilova

CySEC signs MoU with Cyprus Public Audit Oversight Board

The Cyprus Public Audit Oversight Board (CyPAOB) and the Cyprus Securities and Exchange Commission (CySEC) have announced that they have recently signed a Memorandum of Understanding (MoU). The MoU was signed by Mrs Rea Georgiou, Chairwoman of CyPAOB and Mrs Demetra Kalogerou, Chairwoman of CySEC. With this MoU, a framework and procedures for close cooperation…

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