Tag: CIF

FTX
April 12, 2023 BY Steffy Bogdanova

CySEC extends FTX’s license suspension until September

The Cypriot regulator initially suspended the license of the crypto exchange on 11 November 2022 following its collapse and extended the suspension once in December 2022 until March 2023. CySEC noted that during the suspension, the exchange is not permitted to offer or carry out investment services in the country or enter into any business…

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FTX
December 23, 2022 BY Steffy Bogdanova

CySEC extends license suspension on FTX until March

The Cypriot regulator initially suspended the license of the crypto exchange on 11 November 2022 following its collapse. This came only two months after FTX obtained approval from the Cyprus financial market regulator allowing it to offer company products and services to European clients. CySEC noted that during the suspension, the exchange is not permitted…

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CySEC
February 25, 2022 BY Steffy Bogdanova

CySEC withdraws CIF licence from AGM Markets operator Maxigrid

CySEC said: CySEC reached to the above decision due to the Company’s non-compliance with article 22(1) of the Law, in fulfilling the condition of article 17(9) of the Law at all times, as this is further specified in paragraphs 4(1) and 6(1) of the Directive DI187-01 for the Safeguarding of Client Assets, Product Governance Obligations…

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CySEC regulation
February 10, 2022 BY Steffy Bogdanova

CySEC revises Significant CIF criteria

All Cypriot financial services companies that meet the new criteria of Significant CIFs need to remuneration committee and a risk committee. These committees should be composed of members of the board of directors who do not perform any executive function in the CIF concerned. The companies are also required to submit their new organisational structure…

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cysec cif licence suspension
March 09, 2020 BY Steffy Bogdanova

CySEC suspends CIF licence of Prior Capital Cy Ltd

The Cyprus Securities and Exchange Commission (CYSEC) announced in the end of last week the suspension of Cyprus Investment Firm (CIF) authorisation of Prior Capital Cy Ltd. The agency suspended CIF licence number 221/13 because of suspicions of an alleged violation of the Investment Services and Activities and Regulated Markets Law of 2017 regarding the…

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July 26, 2016 BY Mike Fox

U.P.M. Ltd renounces CySEC license

The 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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July 14, 2016 BY Valentina Kirilova

CySEC starts a Web Portal for Regulated Firms

Cyprus financial regulator CySEC has commenced its Web Portal (Portal) through which the Regulated Entities can submit digitally signed documents/forms/letters to the Commission. It is expected that the cost of printing and storing the physical documents will be eliminated since it will no longer be required to be submitted using this format. The purpose of the…

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