Cyprus News Agency is reporting that the Cyprus Cabinet has reappointed Demetra Kalogerou to the post of Chairwoman of the Cyprus Securities and Exchange Commission (CySEC) for a period of five years, from September 15, 2016 to September 14, 2021. Kalogeru's current five year term, begun in 2011, expires next month. The Cabinet also reappointed…
Read moreCySEC’s strategic move capitalizes on a potential shift in the global FX landscape.
Read moreThe Cyprus Securities and Exchange Commission (CySEC) has informed that, at its meeting held on August 05, 2016, the commission decided that the International Collective Investment Schemes Manrich Fund Limited, Bigan Wealth Fund Ltd, Gainmore Fund Ltd and Ebit Fund Ltd (the ICIS) do not fulfill the conditions of the AIF Law, regarding their operation as…
Read moreThe Board of the Cyprus Securities and Exchange Commission (CySEC) has informed that, at the meeting held on July 25, 2016, it decided to impose a total administrative fine of €2.000 to CIF M&L Invest Union Markets Ltd for non-compliance with the following: article 3 of Implementing Regulation (EU) No 680/2014 of the European Commission, and…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) has announced that, on March 15, 2016, the company providing administrative services Navicorp Trust (Cyprus) Limited, waived its authorization pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012. Therefore, the authorization with Νumber 28/196 lapsed as from the aforementioned date and…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) has announced that, on June 1, 2016, the company providing administrative services JIB Offshore Solutions Ltd, waived its authorization pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012. Therefore, the authorization with Νumber 28/196 lapsed as from the aforementioned date…
Read moreCyprus financial regulator CySEC has once again extended the retail forex broker UBFS Invest (full legal name: UBFS Invest Powered By Moneychoice Brokers Ltd)'s suspension. CySEC has stated that UBFS appears to be non-compliant with Cyprus’ law of protection of client funds, its own funds appear to be less than the sum of its capital…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) has announced that the authorisation for providing Administrative Services of the company Mutual Trust Limited, with number 44/196, is suspended, pursuant to section 15(1)(b) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012. There have been suspicions of an alleged violation of section 23(1) of…
Read moreFollowing previous announcement, the Cyprus Securities and Exchange Commission has announces that the authorisation of the Cyprus Investment Firm AirFinance Pro Ltd (operating a number of binary options brokerage brands including BuzzTrade, CFD Royal, Uptrade7 and Investing Area), with number 206/13, will continue as suspended until September 16, 2016, pursuant to section 26(3) of the Investment…
Read moreThe Cyprus Securities and Exchange Commission announced today that on 11th July 2016, the CIF U.P.M. Ltd, which provided investment services via the domain www.upmltd.eu, renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore, the authorization with Νumber 084/07…
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