Further to LeapRate's report from April about the suspension of the Cyprus Investment Firm (CIF) license of Atlas Capital Financial Services Ltd, owner of ACFX, operating via acfx.com, the Cypriot securities regulator today announces that the CIF license of the firm remains suspended. While the suspension of the authorisation is in force, the Company: 1. Cannot…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) has just announces its decision, made at a Board meeting in December last year, to impose administrative fines on SpotOption Exchange and BDSwiss Holding Ltd. Both Cyprus Investment Firms (CIFs) were issued fines for not complying with the Investment Services and Activities and Regulated Markets Law of 2007.…
Read moreThe list of companies regulated by the Cyprus Securities and Exchange Commission (CySEC) has expanded, with the newest addition being Europe-focused investment services provider AVUS CAPITAL. The CySEC website shows that Avus Capital Cy Ltd obtained a license as a Cyprus Investment Firm (CIF) on January 20, 2016. The license (290/16) has yet to be…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today issued a Circular regarding name changes of the entities it oversees. The regulator notes that some Cyprus Investment Firms, aka Forex and binary options firms, have been changing their names and/or trade names without any apparent or substantial reason. The watchdog stresses that such changes should not…
Read moreThe Cyprus Securities Exchange Commission (CySEC) today announced sanctions against four directors of retail Forex broker FxPulp, aka Pulp International Business Ltd, which had its Cyprus Investment Firm license revoked earlier this year. The Board of the Cyprus Securities Exchange Commission has decided to take action against Mr. Said Salem, Mr. Shaher Hasanain, Mr. Savvas Sava…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today reminded Cyprus Investment Firms (CIFs), that is binary and Forex brokers, of their responsibilities regarding their investment activities in third countries. In a circular out today, the Cypriot watchdog flashed its regulatory teeth at investment firms which it regulates but which have been included in the Investors…
Read moreCyprus Investment Firms (CIFs) will have to submit information with the Cyprus Securities and Exchange Commission (CySEC), as a part of a National Risk Assessment (NRA) of Anti Money Laundering and Counter Terrorist Financing Measures. The Cypriot watchdog has earlier today published a circular, informing CIFs, among other regulated entities, of the necessity to submit…
Read moreAfter several months during which visitors of the corporate website of Cypriot Forex broker CommexFX saw a message saying “Suspended for 15 days”, all of the information about the broker disappeared from the website as its domain name has expired. Since Friday – October 23, 2015, visitors of commexfx.com have seen an announcement that the…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today announced that its Board has decided to reinstate the authorization of investment firm 1 T.C.R. CORP. LTD, which was suspended on July 16, 2015 amid regulatory concerns. The CySEC Board has decided to withdraw the suspension of the license as the regulator has been satisfied at how…
Read moreCySEC awarded the Forex broker, part of Russia's Alfa Bank, a license as a Cyprus Investment Firm.
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