cysec
Breaking: CySEC Reaches €200,000 Settlement With Colmex Pro
- "The company has reached a mutually agreed settlement with CySEC, bringing closure to a historical compliance review," the CEO Vassiliou said.
- CySEC cites possible violations related to authorization, client protection, and CFD regulations.
Tuesday, 08/04/2025 | 09:24 GMT by
Damian Chmiel
EU's New Regulations Put Cyprus Financial Firms Under Pressure, Fines Top €2.7M in 2024
- The regulator revoked or suspended seven Cyprus investment firms' licenses due to compliance failures.
- Despite increased scrutiny, Cyprus's financial sector grew in 2024, with 80 new entities authorized.
Tuesday, 11/03/2025 | 13:06 GMT by
Jared Kirui
CySEC Withdraws Royal Forex License: Reinforces CIF Compliance Under EU Regulations
- The announcement confirms the firm voluntarily gave up its authorization under Cyprus law.
- CIFs must comply with SFDR, EU Taxonomy, and MiFID II, ensuring transparency and greenwashing.
Tuesday, 11/03/2025 | 09:22 GMT by
Tareq Sikder
Fake CySEC Officials Resurface as Regulator Urges Investor Caution
- The fraudsters falsely present themselves as CySEC representatives and solicit fees from investors for bogus compensation claims.
- This is not the first time CySEC has warned the public, as similar scams were reported last year involving fraudulent websites and emails.
Wednesday, 05/03/2025 | 15:02 GMT by
Jared Kirui
CySEC Identifies “Areas for Improvement” in Sanctions Screening for Regulated Entities
- Inspections focused on compliance with UN, EU, US, and UK sanctions lists, identifying best practices.
- The Commission emphasizes the importance of internal policies and tools for effective sanctions compliance.
Thursday, 27/02/2025 | 11:08 GMT by
Tareq Sikder
CySEC Approval Enables eToro for Crypto Services Across the EU Under MiCA
- The firm expands crypto offerings in Europe, enabling services under MiCA and MiFID.
- The company, with over 38 million registered users in 75 countries, offers more than 100 cryptos.
Wednesday, 19/02/2025 | 10:41 GMT by
Tareq Sikder
Cyprus Investment Firms Must Align with EU Sustainability Laws, CySEC Says
- CIFs offering portfolio management and investment advice must now disclose how they integrate sustainability risks.
- The firms must also adhere to important EU regulations, including updates to MiFID II.
Thursday, 13/02/2025 | 21:07 GMT by
Jared Kirui
CySEC Tightens Oversight: AI, Crypto, and Fin-Fluencers Face Tougher Scrutiny
- Firms will undergo reviews on their AI usage, financial influence practices, and compliance in fund management operations.
- The regulator’s recent report shows a more than 10% increase in supervised entities, reaching 834.
Wednesday, 12/02/2025 | 21:45 GMT by
Jared Kirui
Cyprus Investment Vehicles Decline 4% as AUM Contracts to $9.1B
- Cyprus's fund industry experiences dual contraction, with assets under management falling 2.5% in Q3 2024.
- The number of regulated entities also decreased to 323, indicating ongoing industry consolidation.
Wednesday, 12/02/2025 | 08:09 GMT by
Damian Chmiel
These Trading Sites Lack Licenses, Cyprus Regulator Warns
- CySEC has identified several unauthorized websites, including clones of Admirals and XTB.
- The watchdog accused these platforms of operating without the necessary authorization to provide investment services in Cyprus.
Friday, 31/01/2025 | 20:59 GMT by
Jared Kirui
CySEC Proposes Initiatives to Attract Start-ups and Bonds to Cyprus Stock Exchange
- A roundtable discussed proposals for tax reductions, and infrastructure improvements.
- Marketing campaigns and cooperation were suggested to attract global investors to the CSE.
Wednesday, 29/01/2025 | 11:29 GMT by
Tareq Sikder
CySEC’s €17 Million 2025 Budget Focuses on Regulatory Oversight and Tech Enhancements
- Over the past three years, the regulator has imposed €7.9 million in fines for regulatory violations.
- The number of supervised entities has grown by 11.8%, reaching 834 by the end of 2024.
Monday, 27/01/2025 | 12:47 GMT by
Tareq Sikder
Cyprus Regulator Revokes Investor Compensation Fund Membership for Four Firms
- The affected companies are IFCM Cyprus Ltd, Arumpro Capital Ltd, Greenpost Trading Europe Ltd, and Reliantco Investments Ltd.
- Eligible investors can still claim compensation for investment operations conducted before the membership status change.
Wednesday, 22/01/2025 | 14:04 GMT by
Jared Kirui
CySEC Regulates 825 Firms, with 70 More Awaiting Authorization, Says Theocharidis
- Dr. George Theocharidis, the Chairman of the Cypriot regulator, commented on the institution's future plans.
- Cyprus positions itself as a digital finance hub as new EU regulations DORA and MiCA take effect in 2025
Monday, 13/01/2025 | 08:50 GMT by
Damian Chmiel
This CFD Broker Recently Launched Prop Trading Brand, Now Lands on CySEC Warning List
- CySEC warns against ten unauthorized investment platforms, including recently launched prop trading provider Markets Vox.
- The Seychelles-licensed broker made the warning list due to lack of proper Cypriot authorization.
Wednesday, 08/01/2025 | 08:00 GMT by
Damian Chmiel
CySEC Outlines Transitional Rules for Crypto-Asset Service Providers Under MiCA
- The regulator allows CASPs operating before 30 Dec 2024 to continue services until 1 July 2026 or MiCA authorization.
- CASPs must submit evidence of compliance with national rules to CySEC by 10 Jan 2025.
Tuesday, 31/12/2024 | 09:58 GMT by
Tareq Sikder
CySEC Breaks Six-Month Silence with First Consultation Paper: What's Inside?
- The regulator proposes to expand acceptance of English-language prospectuses while requiring Greek summaries.
- This marks the first consultation since June, potentially signaling increased regulatory activity.
Tuesday, 31/12/2024 | 08:12 GMT by
Damian Chmiel
CySEC Cracks Down on Weapons Financing Through Trading Firms
- Financial services are a significant part of Cyprus's GDP, prompting the regulator to introduce stricter security measures.
- Regulated firms must revamp customer onboarding procedures and enhance transaction monitoring.
Thursday, 19/12/2024 | 09:17 GMT by
Damian Chmiel
CySEC Puts All Compliance Tools in One Digital Hub with New Website
- A key feature of the new website is an upgraded search tool that helps users quickly locate information on regulated firms.
- It also includes a special news section for press releases, media statements, videos, and event updates.
Wednesday, 18/12/2024 | 16:36 GMT by
Jared Kirui
CySEC Withdraws IFCM Cyprus License Following Voluntary Renouncement
- The regulator confirmed no judicial reviews or additional rulings were involved in the license withdrawal.
- Meanwhile, CySEC is accepting CASP licence applications for MiCA assessment.
Wednesday, 27/11/2024 | 14:15 GMT by
Tareq Sikder
CySEC Revokes CIFs of Arumpro Capital and Greenpost Trading Europe After Renouncements
- The regulator revoked Arumpro Capital Ltd's CIF authorization on November 11, 2024.
- Greenpost Trading Europe Ltd's CIF authorization was withdrawn by CySEC on November 4, 2024.
Tuesday, 19/11/2024 | 14:33 GMT by
Tareq Sikder
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