CySEC Issues Whistleblower Disclosure Details, Procedural Updates
- CySEC has issued a new document outlining all measures and procedures pertinent to whistleblowing.
The Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term) has disclosed an update to its Whistleblower Whistleblower A whistleblower is an individual who manages to provide information or activity within a private or public organization that is deemed illegal, unethical, or not correct. In many countries, including the United States, whistleblowers are protected by law and in some cases can even recoup rewards if their information leads to successful prosecution.In the context of the financial services industry, whistleblowers play a large role in oversight, helping unmask several episodes of illicit behavior A whistleblower is an individual who manages to provide information or activity within a private or public organization that is deemed illegal, unethical, or not correct. In many countries, including the United States, whistleblowers are protected by law and in some cases can even recoup rewards if their information leads to successful prosecution.In the context of the financial services industry, whistleblowers play a large role in oversight, helping unmask several episodes of illicit behavior Read this Term procedures and overall requirements, detailing a series of clarifications and etiquette, per a circular filing.
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Whistleblowing has become a staple of multiple regulatory regimes, namely those of the US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), among others. Regulatory entities have deployed multiple programs and granted awards to individuals in a bid to help support and streamline investigations.
In terms of CySEC, the regulator has unveiled a Whistleblower External Disclosure Form, which can be submitted directly to its Department of Market Surveillance and Investigations. In the form, individuals are directed to outline any and all episodes of market abuse and infringement, disclosing any names or pertinent information relevant to any investigatory measures.
Moreover, the manifest clarifies a number of key points and subjects regarding the form, effectively presenting a comprehensive framework for providing information as a whistleblower to CySEC.
The role of the Department of Market Surveillance and Investigations will also be responsible for providing any person with information on procedures for reporting infringements, as well as receiving and following up reports on the strength of this information. Finally, the department will also help maintain contact with the reporting person, whilst maintaining the informant's anonymity.
The entire document and list of procedures can be accessed by the following link.
The Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term) has disclosed an update to its Whistleblower Whistleblower A whistleblower is an individual who manages to provide information or activity within a private or public organization that is deemed illegal, unethical, or not correct. In many countries, including the United States, whistleblowers are protected by law and in some cases can even recoup rewards if their information leads to successful prosecution.In the context of the financial services industry, whistleblowers play a large role in oversight, helping unmask several episodes of illicit behavior A whistleblower is an individual who manages to provide information or activity within a private or public organization that is deemed illegal, unethical, or not correct. In many countries, including the United States, whistleblowers are protected by law and in some cases can even recoup rewards if their information leads to successful prosecution.In the context of the financial services industry, whistleblowers play a large role in oversight, helping unmask several episodes of illicit behavior Read this Term procedures and overall requirements, detailing a series of clarifications and etiquette, per a circular filing.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
[gptAdvertisement]
Whistleblowing has become a staple of multiple regulatory regimes, namely those of the US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), among others. Regulatory entities have deployed multiple programs and granted awards to individuals in a bid to help support and streamline investigations.
In terms of CySEC, the regulator has unveiled a Whistleblower External Disclosure Form, which can be submitted directly to its Department of Market Surveillance and Investigations. In the form, individuals are directed to outline any and all episodes of market abuse and infringement, disclosing any names or pertinent information relevant to any investigatory measures.
Moreover, the manifest clarifies a number of key points and subjects regarding the form, effectively presenting a comprehensive framework for providing information as a whistleblower to CySEC.
The role of the Department of Market Surveillance and Investigations will also be responsible for providing any person with information on procedures for reporting infringements, as well as receiving and following up reports on the strength of this information. Finally, the department will also help maintain contact with the reporting person, whilst maintaining the informant's anonymity.
The entire document and list of procedures can be accessed by the following link.