EBA issues opinion on the design of new prudential framework for investment firms LeapRate

Global elite attending Davos rehashed common cryptocurrency themes

October 19, 2017 BY Valentina Kirilova

EBA issues opinion on the design of new prudential framework for investment firms

The Cyprus Securities and Exchange Commission (CySEC) has informed the Cyprus Investment Firms about the following: 1. The European Banking Authority (EBA) issued on the 29th of September 2017, its Opinion on the design and calibration of a new prudential framework for investment firms (the ‘Opinion’), which is specifically tailored to the needs of investment…

September 25, 2017 BY Valentina Kirilova

CySEC and Bulgarian FSC warn against Interactive Company JSC (formerly Global Markets JSC)

The Cyprus Securities and Exchange Commission (CySEC) has just informed investors regarding the following decision by the Bulgarian Financial Supervision Commission (FSC), concerning Interactive Company JSC (formerly Global Markets JSC), and the procedure which clients who are to make claims against it, should follow, not later than 30th September 2017: On 5th of July 2017…

FCA publishes its Quarterly KPIs, no clear trends indicative of firm responses to Brexit

September 04, 2017 BY Valentina Kirilova

CySEC requests FX brokers submit CIF license passport application renewal requests under MiFID II by September 27

Cyprus financial regulator Cyprus Securities and Exchange Commission (CySEC) just notified the changes introduced in relation to Passporting Issues and the provision of investment services and activities by third country firms under MiFID II. LeapRate already posted an article on the changes MiFID II will bring to those who passport financial licenses. The complete text…

August 11, 2017 BY Valentina Kirilova

CySEC informs potential applicants for the MIFID II authorization requirements

The Cyprus Securities and Exchange Commission (CySEC) has made an announcement, informing all interested parties about the Authorisation of Data Reporting Service Providers. In particular, this Announcement aims to inform potential applicants and assist them in their preparations for the MIFID II authorization requirements, which will apply from 3 January 2018. Firms that intend to…

August 09, 2017 BY Valentina Kirilova

CySEC announces lapse of CIF license of Reserve Invest Ltd

The Cyprus Securities and Exchange Commission (CySEC) announced that, on 1st August 2017, the CIF Reserve Invest (Cyprus) Ltd (‘the Company’), which provided investment services via the domain www.reserve invest.com, renounced its authorisation, pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore,…

August 19, 2016 BY Valentina Kirilova

CySEC fines HotForex and OptionTrade parent €105,000 for misleading investors

The Board of the Cyprus Securities and Exchange Commission (CySEC) has informed that it has decided to impose a total administrative fine of €105,000 to the CIF HF Markets (Europe) Ltd. HF Markets (Europe) Ltd runs the retail forex broker HotForex (hotforex.com) and binary options firm OptionTrade (optiontrade.com) businesses. The full breakdown of the fine is linked…

August 12, 2016 BY Valentina Kirilova

CIF Xenon Capital Partners Ltd remains under the supervision of the CySEC

The Cyprus Securities and Exchange Commission (CySEC) has announced that, on June 24, 2016, the CIF Xenon Capital Partners Ltd, which provided investment services via the domain xenoncp.com.cy, 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 CIF…

Tag: Cyprus Securities and Exchange Commission (CySEC)