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CIFs
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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.
Wednesday, 23/08/2023 | 12:54 GMT
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.
Thursday, 13/07/2023 | 12:58 GMT
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CySEC has withdrawn at least five CIF licenses since the start of 2023.
Wednesday, 12/07/2023 | 18:07 GMT
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Trilt and RMG's licenses were withdrawn last month and in April 2022, respectively.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.
Tuesday, 09/05/2023 | 13:08 GMT
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.
Friday, 14/04/2023 | 15:58 GMT
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.
Wednesday, 15/03/2023 | 13:08 GMT
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.
Thursday, 02/02/2023 | 09:52 GMT
by
Arnab Shome
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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.
Wednesday, 07/12/2022 | 12:09 GMT
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.
Tuesday, 29/11/2022 | 17:23 GMT
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.
Thursday, 17/11/2022 | 11:44 GMT
by
Arnab Shome
Op-ed
Retail FX
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
Wednesday, 16/11/2022 | 09:43 GMT
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.
Thursday, 20/10/2022 | 06:40 GMT
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.
Tuesday, 26/07/2022 | 11:42 GMT
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.
Monday, 18/04/2022 | 11:44 GMT
by
Arnab Shome
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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.
Friday, 25/02/2022 | 07:07 GMT
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.
Thursday, 10/02/2022 | 12:36 GMT
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.
Tuesday, 25/01/2022 | 13:17 GMT
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.
Tuesday, 25/01/2022 | 07:12 GMT
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.
Thursday, 23/12/2021 | 11:44 GMT
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.
Wednesday, 15/12/2021 | 11:46 GMT
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.
Wednesday, 03/11/2021 | 20:33 GMT
by
Felipe Erazo
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Brokers
CySEC Extends CIF License Suspension of FXGM Operator Depaho
The firm gets two additional months to fix the possible non-compliance.
Wednesday, 28/07/2021 | 10:29 GMT
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.
Monday, 04/05/2020 | 11:32 GMT
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.
Wednesday, 13/03/2019 | 21:16 GMT
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.
Thursday, 13/09/2018 | 17:00 GMT
by
Aziz Abdel-Qader
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