CySEC suspends license of Pegase Capital, owner of Interactive Option LeapRate

March 04, 2016 BY Maria Nikolova

CySEC suspends license of Pegase Capital, owner of Interactive Option

After imposing a fine of EUR 300,000 on Pegase Capital Ltd in November last year, the Cyprus Securities and Exchange Commission (CySEC) today announced harsher measures against the company, which owns brands like binary options provider InteractiveOption. CySEC announced the suspension of the Cyprus Investment Firm authorisation of Pegase Capital Ltd (number 225/14). The penalty reflects…

March 03, 2016 BY Maria Nikolova

CySEC announces renouncement of CIF authorization of Plasma Enterprises

The Cyprus Securities and Exchange Commission (CySEC) has announced the renouncement of the authorization as Cyprus Investment Firm (CIF) of Plasma Enterprises Ltd, which provides investment services via www.plasma.com.cy. The regulatory announcement, dated March 2, 2016, says that the company renounced the authorization itself on February 22, 2016. The authorization with Νumber 040/04 lapsed from…

March 01, 2016 BY LeapRate Staff

Transaction Reporting: CySEC begins enforcing adherence to standards established under EMIR

The following guest post is courtesy of Chris Dingley, Head of Sales at regulatory reporting solutions specialist Abide Financial. [divide] Following a reasonable bedding in period, CySEC has recently begun the process of enforcing adherence to standards established under EMIR. The recent communication regarding EMIR obligations on Cypriot regulated entities is a timely reinforcement of regulator…

February 23, 2016 BY Maria Nikolova

CySEC issues next Forex broker fine: €100,000 to CommexFX

The Cyprus Securities Exchange Commission (CySEC) today announced that its Board has decided to impose a fine of €100,000 on Forex broker CommexFX Ltd for violations of the Investment Services and Activities and Regulated Markets Laws of 2007. The violations were committed in March and April 2015 and consist of “Dealing on own account” without…

February 15, 2016 BY Maria Nikolova

CySEC suspends license of SkyFX/Capital Option

The Cyprus Securities and Exchange Commission (CySEC) today announced the suspension of the Cyprus Investment Firm license of Trademarker (Cyprus) Ltd, which operates via the brands SkyFX and Capital Option. The watchdog said the suspension reflected suspicions of an alleged violation of section 28(1) of Investment Services and Activities and Regulated Markets Law. In particular,…

February 02, 2016 BY Maria Nikolova

CySEC puts on hold its scheme for accelerated authorization of investment firms

The Cyprus Securities and Exchange Commission (CySEC) today announced that, at its meeting held on January 25, 2016, it decided to temporarily suspend the ‘fast track’ examination scheme that was launched to help investment firms get their Cypriot authorization faster. The Commission said it reached the decision to put the program on hold due to the…

January 27, 2016 BY LeapRate Staff

CySEC fines Part II: Banc de Binary settles for €350,000, 24option parent fined €156,000

We said that this was coming. Following a wave of reviews of some of the largest Cyprus-based regulated forex and binary options brokers undertaken by financial regulator CySEC over the past few months, we reported in late November on a number of fairly large (by Cyprus standards) > €100,000 fines and settlements issued to a…

January 26, 2016 BY Maria Nikolova

CySEC orders investment firms to obtain regulatory approval for name changes

The 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…

January 20, 2016 BY Maria Nikolova

CySEC issues CIF license to binary options firm Daweda Exchange

The Cyprus Securities and Exchange Commission (CySEC) today announced that it has issued a Cyprus Investment Firm (CIF) license to Daweda Exchange Ltd. The license was issued on January 11, 2016 and is the first CIF permission granted by the Cypriot financial watchdog for 2016. Worth noting is that the license has yet to be…

December 10, 2015 BY Maria Nikolova

Cypriot regulator warns against FX, binary options software provider Airsoft

The Cyprus Securities and Exchange Commission (CySEC) today published a warning against Airsoft, a company offering software solutions to start a Forex and/or a binary options broker. Airsoft says on its website (www.airsoftltd.com) that it is regulated by CySEC and it is this claim that has sparked the concerns of the regulator, as CySEC does…

Tag: CySEC