Tag: Cyprus Securities and Exchange Commission

October 17, 2016 BY Valentina Kirilova

CySEC to liquidate Forticap BalkanValue Equities and Forticap Global Currencies Fund investment compartments

The Cyprus Securities and Exchange Commission (CySEC) has announced that, the investment compartments Forticap BalkanValue Equities and Forticap Global Currencies Fund are under liquidation and dissolution, due to the total redemption of their shares. The Variable Capital Investment Company PLC’ (VCIC) has to proceed immediately to the necessary actions for the liquidation and dissolution of…

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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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September 30, 2016 BY Valentina Kirilova

CySEC extends suspension of AirFinance Pro Ltd

Following previous announcement dated 29 July 2016, the Cyprus Securities and Exchange Commission (CySEC), following a decision at the meeting dated 26 September 2016, announces that the authorisation of the Cyprus Investment Firm AirFinance Pro Ltd, with number 206/13, continues to be suspended. While the suspension of the authorisation is in force, AirFinance Pro Ltd:…

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September 29, 2016 BY Valentina Kirilova

CySEC extends suspension of Retail Forex broker Best Choice FBC Ltd

Following previous announcement dated 9 August 2016, the Cyprus Securities and Exchange Commission, following a decision at the meeting dated 5 September 2016, announces that the authorisation of the Cyprus Investment Firm Best Choice FBC Ltd, with number 234/14, will continue to be suspended. LeapRate reminds that Best Choice FBC Ltd acquired FinFX’s retail clients last…

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September 12, 2016 BY Valentina Kirilova

CYSEC extends suspension of the authorisation of Atlas Capital Financial Services Ltd

The Cyprus Securities and Exchange Commission has clarified that the suspension of the authorisation of the Cyprus Investment Firm Atlas Capital Financial Services Ltd has automatically been extended and the proceedings for the possible withdrawal of the relevant authorisation has commenced, pursuant to section 26(4)(b) of the Investment Services and Activities and Regulated Markets Law…

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December 04, 2015 BY Mike Fox

Falcon Brokers CIF license suspension extended by CySEC

Cyprus Securities and Exchange Commission (CySEC) today announced that following a decision in a meeting held November 30th, 2015 that authorization of the Cyprus Investment Firm ‘Falcon Brokers Ltd’, with license number 128/10, will continue to be suspended indefinitely. This continuation follows from one month ago where the same decision was reached for the troubled forex broker. The…

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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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