CySEC extends suspension of CIF license of SkyFX/Capital Option LeapRate

March 09, 2016 BY Maria Nikolova

CySEC extends suspension of CIF license of SkyFX/Capital Option

The Cyprus Securities and Exchange Commission (CySEC) today prolonged the suspension of the authorisation of Trademarker (Cyprus) Ltd, which operates via the brands SkyFX and Capital Option. The regulator first suspended the Cyprus Investment Firm (CIF) authorization of Trademarker on February 15, 2016, stating that the company violated the Investment Services and Activities and Regulated…

March 03, 2016 BY Maria Nikolova

CySEC announces renouncement of CIF authorization of Plasma Enterprises

The Cyprus Securities and Exchange Commission (CySEC) has announced the renouncement of the authorization as Cyprus Investment Firm (CIF) of Plasma Enterprises Ltd, which provides investment services via www.plasma.com.cy. The regulatory announcement, dated March 2, 2016, says that the company renounced the authorization itself on February 22, 2016. The authorization with Νumber 040/04 lapsed from…

February 02, 2016 BY Maria Nikolova

CySEC puts on hold its scheme for accelerated authorization of investment firms

The Cyprus Securities and Exchange Commission (CySEC) today announced that, at its meeting held on January 25, 2016, it decided to temporarily suspend the ‘fast track’ examination scheme that was launched to help investment firms get their Cypriot authorization faster. The Commission said it reached the decision to put the program on hold due to the…

January 26, 2016 BY Maria Nikolova

CySEC orders investment firms to obtain regulatory approval for name changes

The Cyprus Securities and Exchange Commission (CySEC) today issued a Circular regarding name changes of the entities it oversees. The regulator notes that some Cyprus Investment Firms, aka Forex and binary options firms, have been changing their names and/or trade names without any apparent or substantial reason. The watchdog stresses that such changes should not…

November 04, 2015 BY Maria Nikolova

CySEC starts assessment of money laundering and terrorist financing risks

Cyprus Investment Firms (CIFs) will have to submit information with the Cyprus Securities and Exchange Commission (CySEC), as a part of a National Risk Assessment (NRA) of Anti Money Laundering and Counter Terrorist Financing Measures. The Cypriot watchdog has earlier today published a circular, informing CIFs, among other regulated entities, of the necessity to submit…

October 20, 2015 BY Maria Nikolova

CySEC reinstates authorization of investment firm 1 TCR Corp

The Cyprus Securities and Exchange Commission (CySEC) today announced that its Board has decided to reinstate the authorization of investment firm 1 T.C.R. CORP. LTD, which was suspended on July 16, 2015 amid regulatory concerns. The CySEC Board has decided to withdraw the suspension of the license as the regulator has been satisfied at how…

October 12, 2015 BY Maria Nikolova

Tag: Cypriot Forex regulation