The Cyprus Securities and Exchange Commission has today requested Cypriot Investment Firms (CIFs) to provide certain customer metrics, as the regulator announces a new risk-based supervisory framework underway.
The financial markets regulator for the Republic of Cyprus, operating under the Cyprus Securities and Exchange Commission (CySEC) agency, has today announced a project underway to supervise its members based on a risk-based framework that it expects to transition to over the next twelve months.
The circular titled no. CI144-2014-05, dated January 29, 2013, included an accompanying form which Cyprus Investment Firms (CIFs) must complete and provide certain customer metrics and risk-related financials and submit these details to CySEC by February 3rd, 2014, as per the description.
The information requested is based on each CIFs 2013 figures -including data such as the total number of active clients and a breakdown of client type (retail, institutional, etc.). Also requested is the volume of transactions (EUR value) from customers, on a firms own proprietary accounts, as well as any market-making volumes, and a balance of client assets as of the year-end (including exposure on-balance sheet and off-balance sheet), among other country-specific data, as well as other related fields. A copy of the forms is available on the CySEC website, as part of the circular.
CySEC Asks CIFs to Complete and Submit Form by February 3rd
CySEC said the initial request was an effort to work with firms and use collective feedback from CIFs to develop the processes that it is considering and aiming to create under the new framework.
The changes will apply to the categories of registration under CySEC regulatory status:
Cyprus Investment Firms (CIFs)
UCITS Management Companies
Administrative Service Providers (ASPs)
ASPs and UCITS companies were not noted as required to supply data on the annexed form. As the aim of transparency and effective supervision of regulated entities is expected to help ensure that the financial health and status of firms can be readily determined, the regulator said it is in the process of developing a framework for a risk-based supervision which it expects to take more than 12 months to complete.
The new Risk-Based Supervision Framework (RBS-F) program will include processes and procedures, methodology and software tools that will be used by the Commission to enhance its supervisory capabilities under the new paradigm.
Regulator Gets Techie as New Approach Expected to Use Software System
While the project is expected to be completed well into 2015, the mention of a software tool hints of a centralized electronic filing or report system that could be implemented.
Combined with the other processes expected to be developed under RBS-F, these are aimed to enable CySEC to determine its supervisory approach by evaluating and accounting for the risks faced by each regulated entity, as firms will be required to submit detailed data and information on financials, customer accounts and trade data in order for the regulator to determine various levels of exposure across several dimensions of operational risk.
The changes are expected to bring significant benefits to the regulator with regards to the internal and external risk that regulated firms face.
CySEC is part of numerous bilateral and multilateral memorandums of understanding (MoU) with foreign regulatory agencies, and the modernized approach to risk-assessment of its members by means of data collection/submission and using a centralized software system (similar to how the NFA uses WinJammer for members' reporting), can help build the integrity of its local markets as the allure of Cyprus as a destination for investors competes for its place as an efficient regulatory hub and financial center.
The financial markets regulator for the Republic of Cyprus, operating under the Cyprus Securities and Exchange Commission (CySEC) agency, has today announced a project underway to supervise its members based on a risk-based framework that it expects to transition to over the next twelve months.
The circular titled no. CI144-2014-05, dated January 29, 2013, included an accompanying form which Cyprus Investment Firms (CIFs) must complete and provide certain customer metrics and risk-related financials and submit these details to CySEC by February 3rd, 2014, as per the description.
The information requested is based on each CIFs 2013 figures -including data such as the total number of active clients and a breakdown of client type (retail, institutional, etc.). Also requested is the volume of transactions (EUR value) from customers, on a firms own proprietary accounts, as well as any market-making volumes, and a balance of client assets as of the year-end (including exposure on-balance sheet and off-balance sheet), among other country-specific data, as well as other related fields. A copy of the forms is available on the CySEC website, as part of the circular.
CySEC Asks CIFs to Complete and Submit Form by February 3rd
CySEC said the initial request was an effort to work with firms and use collective feedback from CIFs to develop the processes that it is considering and aiming to create under the new framework.
The changes will apply to the categories of registration under CySEC regulatory status:
Cyprus Investment Firms (CIFs)
UCITS Management Companies
Administrative Service Providers (ASPs)
ASPs and UCITS companies were not noted as required to supply data on the annexed form. As the aim of transparency and effective supervision of regulated entities is expected to help ensure that the financial health and status of firms can be readily determined, the regulator said it is in the process of developing a framework for a risk-based supervision which it expects to take more than 12 months to complete.
The new Risk-Based Supervision Framework (RBS-F) program will include processes and procedures, methodology and software tools that will be used by the Commission to enhance its supervisory capabilities under the new paradigm.
Regulator Gets Techie as New Approach Expected to Use Software System
While the project is expected to be completed well into 2015, the mention of a software tool hints of a centralized electronic filing or report system that could be implemented.
Combined with the other processes expected to be developed under RBS-F, these are aimed to enable CySEC to determine its supervisory approach by evaluating and accounting for the risks faced by each regulated entity, as firms will be required to submit detailed data and information on financials, customer accounts and trade data in order for the regulator to determine various levels of exposure across several dimensions of operational risk.
The changes are expected to bring significant benefits to the regulator with regards to the internal and external risk that regulated firms face.
CySEC is part of numerous bilateral and multilateral memorandums of understanding (MoU) with foreign regulatory agencies, and the modernized approach to risk-assessment of its members by means of data collection/submission and using a centralized software system (similar to how the NFA uses WinJammer for members' reporting), can help build the integrity of its local markets as the allure of Cyprus as a destination for investors competes for its place as an efficient regulatory hub and financial center.
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In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 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:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
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Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
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While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
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📰 Industry sources
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Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
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👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
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What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
