LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Cyprus financial regulator CySEC has announced that it has withdrawn the suspension of the CIF license granted to Binary Options broker Optionrally Financial Services Ltd.
The reasons given by CySEC for suspending the company’s license in the first place involved issues involving protection of clients’ funds, the company’s own funds, and the company’s capital adequacy ratio.
CySEC announced withdrawal of CIF license suspension of Optionrally as it has been satisfied that the Company complied with section 28(1) of the Law as regards the authorisation and operating condition of section 18(2)(j) of the Law (Protection of clients’ funds), with section 67 of the Law (own funds) and with article 92(1) of the European Regulation No. 575/2013 (Capital adequacy ratio).
The official announcement can be seen here.