Market news, analysis & forecast powered by

Preview Mode

FM Home
> Cifs
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
A Big Week Ahead in Global Monetary Policy Thought Leadership

CIFs

Search for a tag
Retail FX

CySEC Orders RoboMarkets to Stop Giving “Branded Merchandise” to Clients

  • The Cypriot watchdog said the practice contradicts MiFIR rules and ESMA's directive.
  • The regulator recently disclosed plans to conduct on-site visits on a sample of CIFs.
by Solomon Oladipupo
Retail FX

Exclusive: CySEC Offers €140,000 for Investigating Cypriot Investment Firms

  • The regulator is looking for an external expert to conduct the investigations.
  • In 2022, CySEC conducted 119 remote document inspections.
by Damian Chmiel
Institutional FX

CySEC Reaches €100k Settlement with Institutional Broker BCS Cyprus

  • The regulator probed BCS's compliance with market abuse rules between 2019 and 2021.
  • CySEC has withdrawn at least five CIF licenses since the start of 2023.
by Solomon Oladipupo
Retail FX

CySEC Revokes ICF Membership of Brokerages Trilt and RMG Holdings

  • Trilt and RMG's licenses were withdrawn last month and in April 2022, respectively.
  • ICF compensation is open to clients of both firms covered before the termination.
by Solomon Oladipupo
Executives

Elie Aoun, CFI Cyprus’ CEO, Joins CySEC’s ICF Admin Committee

  • Aoun has been a CEO at CFI Cyprus for over 10 years now.
  • ICF offers protection to clients of Cyprus Investment Firms.
by Solomon Oladipupo
Retail FX

CySEC Supervised 837 Entities and Imposed €2.9 million Fines in 2022

  • CIFs represent the majority of licensed and sanctioned entities.
  • CySEC's oversight extends to two new types of companies: crowdfunding and PEPP.
by Damian Chmiel
Retail FX

CySEC Withdraws License of TradoCenter and Toro Invest Operator

  • The company voluntarily renounced its CIF license.
  • The platforms stopped offering services on 7 August 2022.
by Arnab Shome
Retail FX

Swissquote Gains CySEC License to Boost European Operations

  • The broker will launch services under the new license next year.
  • It also holds more than half-a-dozen other regulatory licenses.
by Arnab Shome
FinTech

CySEC Adjusts Rules on Investment Services Provision in Third Countries

  • The new rules are based on the regulator's Board meeting held last Thursday.
  • The new stipulations displace the rules issued in February 2018.
by Solomon Oladipupo
Regulation

CySEC Settles with ROInvesting's Operator Royal Forex for €120K

  • There were possible lapses in compliance between July 2020 and October 2021.
  • The company has already voluntarily renounced its CIF license.
by Arnab Shome
Op-ed
Op-ed
Retail FX
Op-ed
Op-ed

2022, a Year of Tightening Marketing Regulations for Retail Brokers

  • The COVID-19 pandemic saw a significant rise in online investments and digital crimes
  • Several countries have tightened their financial advertising regulations to protect the public
by Jonathan Elkin
Retail FX

CySEC Asks Maxigrid Clients to Submit ICF Compensation Claims

  • Clients must submit claims before April 2023.
  • The license of the brokerage operator was canceled last February.
by Arnab Shome
Regulation

CySEC Withdraws CIF License of Sharelink Securities & Financial Services

  • The company decided to renounce its license.
  • Sharelink is now operating as a tied agent of Argus Stockbrokers.
by Arnab Shome
Institutional FX

CySEC Withdrew Licenses of Dormant ED&F MAN Capital Markets Subsidiary, RMG Holding

  • Both the companies decided to renounce their CIF licenses.
  • RMG has stopped offering its services.
by Arnab Shome
Institutional FX

CySEC Finally Withdraws CIF License of Maxigrid Ltd

  • Maxigrid Ltd is caught culpable for its misconduct.
  • The market regulator reached the decision after thorough investigations.
by Nicholas Otieno
Regulation

CySEC Revised Significant CIF Criteria

  • CIFs with at least €100 million as 4-year balance sheet assets will be termed Significant.
  • These companies need to have higher levels of compliance checks.
by Arnab Shome
Regulation

CySEC Withdrew ICF Membership of SonaFX and Belight Capital

  • Both the companies lost their CIF license last year.
  • The regulator offered up to €20,000 deposit protection to the clients of ICF members.
by Arnab Shome
FinTech

CySEC Imposes Administrative Fine of €3,000 on CIF Atlantic Securities Ltd

  • CySEC has imposed an administrative penalty on Atlantic Securities Ltd.
  • The regulator has decided to impose a fine of €3,000 on the Cypriot broker.
by Nicholas Otieno
Brokers

CySEC Withdrew AFX Capital Markets’ License, Fines Directors

  • The regulator fined two directors and two audit firms of the broker.
  • The broker violated several provisions of the regulatory rules.
by Arnab Shome
Regulation

CySEC to Allow Eligible UK Firms to Operate after TPR Deadline

  • Only companies seeking to establish a European presence will be allowed.
  • It will publish the list of all eligible companies on January 1.
by Arnab Shome
Brokers

CySEC Recalls CIF License Suspension of Depaho Ltd

  • Depaho was granted a deadline until the end of September 2021 to take the necessary compliance actions.
by Felipe Erazo
Brokers

CySEC Extends CIF License Suspension of FXGM Operator Depaho

  • The firm gets two additional months to fix the possible non-compliance.
by Arnab Shome
Regulation

CySEC Proposes Enhancements to Client Fund Safeguarding by CIFs

  • The regulator has set out a number of ways in which the existing procedures could be strengthened.
by Celeste Skinner
Regulation

CySEC Introduces Material Changes to Investor Compensation Fund

  • Most radically for the new service providers, the CySEC will not return their contributions to the ICF at any stage.
by Aziz Abdel-Qader
Regulation

CySEC Withdraws CIF License of Former AnyOption Owner Ouroboros

  • Ouroboros has sold off Anyoption and its affiliated cluster of companies to portfolio management provider Invest.com in 2017.
by Aziz Abdel-Qader
See more
Next
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}