CySEC Issues Call to Cyprus Investment Firms for Assessment of Client Funds

The collective dust is still setting following the turmoil instigated by the Swiss National Bank (SNB) earlier this week, prompting 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) to urge an assessment of Cyprus Investment Firms.

It appears that not even some of the largest names in the industry were immune to a shakeup, as seen yesterday with the deteriorating situation surrounding Alpari UK and FXCM, which have now been extended a lifeline in a dramatic fashion.

To avoid any crippling situations or investor issues caused by the volatility of the Swiss franc, CySEC requests that all Cyprus Investment Firms have until Tuesday January 20, 2015, to report if client funds have been compromised or whether business, Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term or funds have been impacted.

According to a recent CySEC statement, should any Cyprus Investment Firms find themselves in this category, they are obligated to immediately provide the following:

• A detailed analysis of the nature of the estimated impact
• The estimated impact on monetary terms
• The measures/actions that will be taken in order to rectify the situation and to eliminate the impact