Tag: CySEC regulation

October 29, 2015 BY Maria Nikolova

EXNESS launches separate website for CySEC-regulated operations

Online trading services provider EXNESS Group has announced the launch of a separate website for its Cypriot subsidiary EXNESS (CY) LTD. As of today – October 29, 2015, EXNESS (CY) LTD's website is available at www.exness.eu. The new website will be used for sharing information about the company's trading conditions, opening accounts, and for EXNESS (CY)…

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April 16, 2014 BY Andrew Saks-McLeod

FX industry Advocate Tal Ron explains CySec's consultation paper on directors and shareholders

CySec commenced consultation on the exposure to company directors and shareholders recently. Advocate Tal Ron extrapolates the caveats to be considered by FX firms including the splitting of capital between bank accounts On April 10 this year, CySec issued a consultation paper which relating to the exposures to directors and shareholders. In order to ensure…

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March 18, 2014 BY Andrew Saks-McLeod

Caveat Emptor! CySec Points Out Dangers Of Bitcoin Trading

Whilst virtual currencies have polarized the opinions of governments worldwide, CySec takes a conservative view, today issuing a warning to potential bitcoin traders Less than one day subsequent to the Singaporean financial markets regulatory authority having made its intention to regulate virtual currency intermediaries public, the ubiquitous Cypriot regulator, which operates in an island with…

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March 14, 2014 BY Andrew Saks-McLeod

CySec Issues Warnings Relating to Two Retail FX Firms

Cyprus' regulator urges investor caution regarding SiliconValley Markets and FXTTCM Cypriot financial markets regulator CySec has today published a warning to potential investors regarding a company operating in the name of SiliconValley Markets Ltd, stating that it the company does not hold the relevant CIF license which is required for firms offering retail FX accounts…

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February 03, 2014 BY Gerald Segal

CySEC instructs brokers to crack down on tax offenders

Regulatory pressure on Cypriot companies firming up, this time its about tax dodging Cypriot financial regulatory authority CySEC has released a press release today detailing information regarding an upcoming proposal by the European Commission that is aimed to fight terrorist financing and money laundering activities. CIFs by no means are expected to determine whether their…

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January 23, 2014 BY Gerald Segal

CySEC bans Bonuses tied to trading

Bonuses will only be allowed if funds are free to withdraw whenever the client wishes This could totally change the retail forex industry, and the way client acquisition and retention is done. It’s been only a day since CySEC outlined its priorities for 2014 and today we have the first steps taken in the direction…

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January 22, 2014 BY Gerald Segal

CySEC outlines its priorities for 2014

Renewal of investor confidence in Cyprus, investor training and modernization highlight CySEC’s plans for 2014 Cypriot financial regulator CySEC has assembled briefing with local media yesterday outlining future goals for the Commission and some review of the challenging year already behind us. The press release issued on the matter details the Commission’s priorities for the…

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