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cysec has introduced a new reporting form for CIFs

**The Cyprus Securities and Exchange Commission (cysec) recently has announced that Cyprus Investment Firms (CIFs) are required to fill in a new form detailing their trading volumes for 2018.** The aforementioned forms require retail brokers to indicate their trading volumes for the past year. CIFs are obliged to classify their volumes into asset sub-classes and include all undertaken trades. ...

Path: Blog
cysec proposes three levels of leverage for retail clients

With the upcoming end date of EU-wide product intervention measures on July 30, 2019, national regulators are seriously contemplating the implementation of their own rules. The Cyprus Securities and Exchange Commission (cysec), previously, has refrained from announcing its opinion on this matter. However, just recently the regulator published an official statement proposing to establish lever...

Path: Blog
cysec has expanded its authority

*Now, having received new level of authority, the regulator will be able to thoroughly ‘clean up’ the brokerage industry in Cyprus.* The Cyprus Financial Regulator, the Securities and Exchange Commission (cysec), has just announced that it has significantly expanded its legal authority. In accordance with the new regulations, **cysec will be able to control the country’s financial sector...

Path: Blog
cysec introduces restrictions for CFD offering to retail investors

**The Cyprus Securities and Exchange Commission (cysec) has announced new national measures that restrict the distribution, sale, and marketing of contracts for difference (CFD).** New cysec measures are largely aligned with the ESMA (European Securities and Markets Authority) restrictions for offering CFDs to retail clients. ESMA, for its part, published an opinion concluding that measures adopt...

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Cyprus Forex License

...ablished environment for a Forex broker firm. It is a well-known and is one of the top choices in the EU for acquiring of a financial license. It follows very strict rules and regulations as implemented by the financial services authority of Cyprus (cysec – The Cyprus Securities and Exchange Commission).Incorporation & obtaining license: from 5 to 9 months Minimum paid up capital:&nb...

Path: Licensing
Cyprus Securities and Exchange Commission is planning to establish an Innovative Hub

... RegTech developments.** Regulatory and financial technologies initiatives have been spreading across the globe over the past few years. In late July of 2018, the main Cyprus financial regulator, the **Cyprus Securities and Exchange Commission (cysec), announced that it would also be creating an Innovation Hub**. The regulator assured that the Innovation Hub will be a place where both supe...

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German regulator is planning to implement ban on binary options

... regulate the retail trading industry, relating to contracts for difference (CFDs).**According to the expectation, the FCA aims to adopt leverage caps for CFDs from 2:1 to 30:1. Similar limitations were introduced by ESMA in August of 2018. **The cysec, Cyprus Securities and Exchange Commission, is another regulator that declared its readiness to implement relevant national measures.** Read ...

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Cyprus Investment Fund License

...up an umbrella fund General information Company structure Must always appoint a depositary/custodian or any other company subject to prudential supervision (are exceptions depending on the fund) Cyprus Securities and Exchange Commission (cysec) requires a minimum of two executive Directors Taxation Cyprus tax laws are designed to support the development of the country as an ...

Path: Licensing