LeapRate has learned that Cyprus based regulatory consulting firm MAP S.Platis has successfully concluded an agreement with regulator Cyprus Securities and Exchange Commission (CySEC), for the provision of expert services in the conduct of investigations of potential violations of the pertinent legislation by Cypriot Investment Firms (CIFs).
CySEC issued a public tender to outsource some of its activities back in June. At the time, CySEC estimated the value of the overall contract at €600,000.
MAP S.Platis has been for more than a decade one of the premier firms consulting to Retail FX brokers (and other entities) looking to establish operations in Cyprus and receive a CySEC license.
Demetris Taxitaris, General Manager of MAP S.Platis Group stated that he
congratulates CySEC and its executives for this initiative as well as for their continuing efforts, to advance and safeguard the reputation of our financial services industry, via enhanced, more technically-apt and more risk-based prudential supervision. Our teams, alongside other industry professionals, have been working closely with the authorities throughout the years for the development of a reputable financial services industry in Cyprus. We are honoured by our role in this milestone development for the industry and are fully committed and focused to delivering our best for the benefit of the local economy and the country as a whole.