CySEC stated that the action is aimed at protecting investors.
The decision was reached in a meeting held on October 23.
The Cyprus Securities and Exchange Commission
(CySEC) has taken decisive action against Neo Premium Investments (NPI) Ltd.
The regulatory body announced the withdrawal of NPI's Cyprus Investment Firm
(CIF) authorization today (Thursday).
Following the withdrawal of NPI's CIF authorization,
the firm is facing a series of challenges, including the cessation of its
activities as a CIF. According to the regulator, this action
is intended to ensure that the regulated companies adhere to the highest standards of
financial practices, mitigating risks and protecting investors.
CySEC's Firm Stand on Compliance
CySEC maintains that companies must comply with the regulations, uphold their fiduciary responsibilities, and prioritize the
welfare of their investors. The decision to withdraw NPI's license was officially reached during a meeting held on
October 23, 2023.
Source: CySEC
Last month, CySEC warned the Board Members of CIFs
to enhance performance and prioritize integrity and high ethical standards. Dr
George Theocharides, the Chairman of CySEC, stressed that Cyprus remains open
for business but only for those entities that adhere to rigorous regulatory
standards.
Separately, CySEC issued a directive to CIFs in a recent notice, drawing their attention to the product intervention measures
established by the Comisión Nacional del Mercado de Valores (CNMV) in Spain.
These measures, effective from August 3, 2023, are designed to safeguard the
interests of retail investors in the country, mainly concerning contracts for difference (CFDs) and other leveraged products.
Regulatory Push to Safeguard Retail Investors
In light of advertisement restrictions, the CNMV
resolution is prohibiting the advertisement of CFDs and other leveraged instruments
to retail investors. This restriction is intended to limit the exposure of
retail investors to high-risk financial products. CySEC emphasized the importance of financial firms
adhering to the product intervention measures set by CNMV.
Besides that, the CNMV has imposed restrictions on
specific remuneration policies and sales techniques related to CFDs and
leveraged products. These limitations are designed to prevent aggressive or
inappropriate marketing and sales tactics.
The Cyprus Securities and Exchange Commission
(CySEC) has taken decisive action against Neo Premium Investments (NPI) Ltd.
The regulatory body announced the withdrawal of NPI's Cyprus Investment Firm
(CIF) authorization today (Thursday).
Following the withdrawal of NPI's CIF authorization,
the firm is facing a series of challenges, including the cessation of its
activities as a CIF. According to the regulator, this action
is intended to ensure that the regulated companies adhere to the highest standards of
financial practices, mitigating risks and protecting investors.
CySEC's Firm Stand on Compliance
CySEC maintains that companies must comply with the regulations, uphold their fiduciary responsibilities, and prioritize the
welfare of their investors. The decision to withdraw NPI's license was officially reached during a meeting held on
October 23, 2023.
Source: CySEC
Last month, CySEC warned the Board Members of CIFs
to enhance performance and prioritize integrity and high ethical standards. Dr
George Theocharides, the Chairman of CySEC, stressed that Cyprus remains open
for business but only for those entities that adhere to rigorous regulatory
standards.
Separately, CySEC issued a directive to CIFs in a recent notice, drawing their attention to the product intervention measures
established by the Comisión Nacional del Mercado de Valores (CNMV) in Spain.
These measures, effective from August 3, 2023, are designed to safeguard the
interests of retail investors in the country, mainly concerning contracts for difference (CFDs) and other leveraged products.
Regulatory Push to Safeguard Retail Investors
In light of advertisement restrictions, the CNMV
resolution is prohibiting the advertisement of CFDs and other leveraged instruments
to retail investors. This restriction is intended to limit the exposure of
retail investors to high-risk financial products. CySEC emphasized the importance of financial firms
adhering to the product intervention measures set by CNMV.
Besides that, the CNMV has imposed restrictions on
specific remuneration policies and sales techniques related to CFDs and
leveraged products. These limitations are designed to prevent aggressive or
inappropriate marketing and sales tactics.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
Luxembourg's DHF Capital Extends Tauro Markets Deal Into PAMM Products
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Watch the full video to see if Hola Prime Markets fits your trading needs.
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We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
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In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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👉 Be part of FM Awards 2026.
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They also describe the night as well-organized, focused, and enjoyable for all.
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Recognition that matters.
Built on transparency.
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Built on transparency.
Driven by the industry.
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🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
