Cyprus is requesting investment firms to report any ill effects of Swiss Franc move


The international investment hub of Cyprus, the home of many EU based Forex brokers and other designated investment firms by The Cyprus Securities and Exchange Commission (CySEC) is urgently requesting investment firms to report financial conditions to the regulator in the upcoming week.

Check out the official letter issued to all Cyprus Investment Firms (CIF) below:


The Cyprus Securities and Exchange Commission (‘the CySEC’) urgently requests the Cyprus Investment Firms to report by Tuesday, January 20, 2015, the following:

1. Whether the recent move on the Swiss Franc caused by the Swiss Central Bank has, in any way, an impact on their business/liquidity/funds, and/or on their clients’ funds.

2. If yes:

i. a detailed analysis of the nature of the estimated impact,

ii. the estimated impact on monetary terms,

iii. the measures/actions that will be taken in order to rectify the situation and to eliminate the impact, must be provided.

 

Sincerely,

Demetra Kalogerou
Chairman of the Cyprus Securities and Exchange Commission

 

To download the PDF version, click here.

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Cyprus is requesting investment firms to report any ill effects of Swiss Franc move

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