Tag: Cyprus Investment Firms

April 12, 2017 BY Valentina Kirilova

CySEC suggests possible Brexit impact on the activities and services of Cyprus Investment Firms

The Cyprus Securities and Exchange Commission (CySEC) requested the Cyprus Investment Firms (CIFs) to report to CySEC on the likely implications that Brexit will have on their activities and services, including any suggestions for adopting immediate measures to eliminate their respective impact. CIFs are therefore advised to look at their business model structure, services and…

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October 11, 2016 BY Valentina Kirilova

CySEC announces a change in the treatment of the Investors Compensation Fund Contribution

The Cyprus Securities and Exchange Commission ( CySEC) has informed the Cyprus Investment Firms (CIFs) about the following: According to the Investment Services and Activities and Regulated Markets Law CIFs are obliged to be members of, and contribute to, the Investors Compensation Fund (ICF). By now for capital adequacy purposes, the ICF contribution has been categorised as an…

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July 14, 2016 BY Valentina Kirilova

CySEC starts a Web Portal for Regulated Firms

Cyprus financial regulator CySEC has commenced its Web Portal (Portal) through which the Regulated Entities can submit digitally signed documents/forms/letters to the Commission. It is expected that the cost of printing and storing the physical documents will be eliminated since it will no longer be required to be submitted using this format. The purpose of the…

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February 11, 2015 BY Maria Nikolova

CySEC urges investment firms to set up policies to mitigate FX risks

The Cyprus Securities and Exchange Commission (CySEC) today issued a circular to Cyprus Investment Firms (CIFs) over the need to establish strict controls and monitor foreign exchange risks. The circular reminds all investment firms that the law, particularly Directive DI144-2007-14, obliges them to establish strategies and policies for taking up, managing, monitoring and mitigating the risks…

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May 29, 2014 BY Mike Fox

CySEC revamps process for licensing of employees at CIFs

Press Release - The Cyprus Securities and Exchange Commission in collaboration with the Chartered Institute for Securities & Investment - CISI and the Cyprus International Institute of Management – CIIM presented the new framework on the certification of persons who are or would like to be employed in Cyprus Investment Firms (CIFs), Credit Institutions in relation to…

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