CySEC issues investor warning about transacting in cryptocurrency XECOIN LeapRate

March 30, 2017 BY Valentina Kirilova

CySEC issues investor warning about transacting in cryptocurrency XECOIN

Cyprus Securities and Exchange Commission (CySEC) has informed the investing public about the XECOIN or cryptocoin that according to information is available in Cyprus. XECOIN or cryptocoin is not a financial instrument. Therefore, it does not fall within the scope of the Investment Services and Activities and Regulated Markets Laws of 2007 to 2016, nor is…

March 21, 2017 BY Valentina Kirilova

Hellenic Bank Ltd renounces CySEC license

The Cyprus Securities and Exchange Commission (CySEC) announced that, on 15th March 2017, the Cyprus Investment Firm Hellenic Bank (Investments) Ltd renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007. As stated in the renouncement letter of the Company, which provided investment services via the…

March 17, 2017 BY Valentina Kirilova

Boursotrade Ltd. license suspended by CySEC

The Cyprus Securities and Exchange Commission (CySEC) just announced that the authorisation of the Cyprus Investment Firm Boursotrade Ltd, number 235/14, is suspended, as there are suspicions of an alleged violation of: section 28(1) of the Law, due to the Company’s possible non compliance at all times with the authorization and operating conditions down in…

March 15, 2017 BY Valentina Kirilova

ACFX license (finally) suspended by CySEC, a year after closing

The Cyprus Securities and Exchange Commission (CySEC) announced that, on its meeting of 13th February 2017, has decided to wholly withdraw the Cyprus Investment Firm authorization with number CIF 085/07 of Atlas Capital Financial Services Ltd. (ACFX). The company is operating at https://www.acfs.eu and https://www.acfx.com. ACFX basically shut down its operations, with several million dollars…

March 02, 2017 BY Valentina Kirilova

CySEC expands its Web Portal, includes Administrative Services Providers

The Cyprus Securities and Exchange Commission (CySEC) just announced that expands its Web Portal (Portal) to include the Administrative Services Providers (ASPs) through which they can submit digitally signed documents/letters to the CySEC. By utilizing its Portal, CySEC expects that the cost of printing and storing physical documents will be eliminated since it will no…

February 23, 2017 BY Valentina Kirilova

Forex broker PriorFX fined €63,000 by CySEC for customer knowledge issues

The Board of the Cyprus Securities and Exchange Commission (CySEC) just informed that, at the meeting held on 23 January 2017, has decided to impose a total administrative fine of €63.000 to CIF PriorFX Ltd for non compliance with the following: The company has failed to comply at all times with the authorization and operating conditions, as…

January 11, 2017 BY Valentina Kirilova

Binary options broker Banc de Binary renounces CySEC license to go unregulated

The Cyprus Securities and Exchange Commission (CySEC) announced that the binary options broker and Cyprus investment firm Banc De Binary Ltd (BDB) has just renounced its authorization. As stated in the renouncement letter of the Company, its authorization with Number 188/13 lapses as from January 15, 2017. It is noted that Banc De Binary Ltd remains…

December 14, 2016 BY Valentina Kirilova

CySEC publishes extensive list of unregulated forex and binary options brokers

The Cyprus Securities and Exchange Commission (CySEC) has just published an extensive list of unregulated forex and binary options brokers. CySEC has informed investors and the public at large that the domains that are included in the following annex are not owned or operated by Cyprus Investment Firms (CIFs) which have been authorized by CySEC…

November 18, 2016 BY Valentina Kirilova

CySEC changes CIF license application process

The Cyprus Securities and Exchange Commission (CySEC) has informed all interested parties who have already submitted and/or intend to submit an application to obtain CIF, UCITS Manager and external AIF Manager authorisation (license of operation), that, following the CySEC Board’s decision dated 14 November 2016, the authorisation procedure has been amended as follows: 1. CySEC will…

October 17, 2016 BY Valentina Kirilova

CySEC fines the Bank of Cyprus Public Company Ltd and its Director

The Board of the Cyprus Securities and Exchange Commission (CySEC) has informed that it has investigated the compliance of Bank of Cyprus Public Company Ltd, its Board of Director Members’ and its General Manager with the Transparency Requirements and has identified the existence of violations and imposed administrative fines. Bank of Cyprus Public Company Ltd has been charged with…

Tag: Cyprus Securities and Exchange Commission