Cyprus financial regulator CySEC has warned the public that emails are being sent by unidentified sources, illegally using the logo or the name of CySEC. These impersonators emails seek payment of so-called outstanding sums to or from the Commission. This is not the first time CySEC issues an impersonators scam warning. The regulator has already issued…
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Cyprus financial regulator CySEC has just made an announcement regarding the renewal of the registrations of Certified Persons in the Public Register. The regulator has recently become a member of the Mediterranean Partnership of Securities Regulators. The announcement reads as follows: In accordance with paragraph 17(1) of the Directive regarding the Certification of Persons and…
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Cyprus financial regulator Cyprus Securities and Exchange Commission (CySEC) has made another announcement today regarding the withdrawal of the CIF license of a company called Gobaba FX Cy Ltd. The complete text of the regulator’s decision can be seen below: Announcement date: 13.09.2018 CySEC Decision date: 10.09.2018 Regarding: Gobaba FX Cy Ltd Legislation: The Investment…
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Cyprus financial regulator CySEC has announced that it has reached a settlement with the company Coverdeal Holdings Ltd. The settlement is for the amount of €250.000. The company has already paid the amount of €250.000. The full note issued by CySEC on the matter reads as follows: 08 August 2018 CYSEC Board Decision Announcement date:…
Read moreCyprus News Agency is reporting that the Cyprus Cabinet has reappointed Demetra Kalogerou to the post of Chairwoman of the Cyprus Securities and Exchange Commission (CySEC) for a period of five years, from September 15, 2016 to September 14, 2021. Kalogeru's current five year term, begun in 2011, expires next month. The Cabinet also reappointed…
Read moreDuring 2015 and 2016 Cyprus financial regulator CySEC has performed on-site inspections assessing the compliance of Regulated Entities with their obligations deriving from the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007-2016. The on-site inspections have shown an overall improvement and strengthening in the internal policies and controls implemented by Regulated…
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