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

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…

January 18, 2015 BY Mike Fox

Cyprus is requesting investment firms to report any ill effects of Swiss Franc move

CySEC "requests" CIF designated investment firms which includes all Forex brokers on the EU regulated island to report any adverse effects from CHF spike aftermath by Tuesday, 1/20/15

December 29, 2014 BY Andrew Saks-McLeod

FX Primus obtains license from CySEC, as Cypriot Forex appeal increases

To compliment the company's existing regulatory licenses in Mauritius and New Zealand, FXPrimus has now been granted a license by CySec

December 16, 2014 BY Andrew Saks-McLeod

LeapRate Interview: Legal Overview of the New Cyprus LPAIF License

The new Cyprus Alternative Investment Fund license opened new opportunities. Advocate and Notary Tal Itzhak Ron, Chairman of Tal Ron, Drihem & Co. Law Firm, and Offshore Specialist Kovi Skier detail the finer points of the new regulatory structure

November 10, 2014 BY Mike Fox

CySEC revokes CIF license of New Zealand cTrader / MT4 broker Trendoks

If you don't use it, you lose it. Retail FX broker Trendoks, who had received a CIF license a little over a year ago has had their authorization expire. The company must have decided it was not in their interest to fully pursue and operate with a license from CySEC and may be waiting to see what happens with…

October 19, 2014 BY Andrew Saks-McLeod

Plus500 formally receives CySEC CIF license

Since becoming a publicly listed entity, Plus500 has increased its fortunes considerably, whilst maintaining efficient operations. This week, the firm's CySec license has come into effect, allowing the company to act as a market maker from its newly established Cyprus office

October 15, 2014 BY Andrew Saks-McLeod

MAP S.Platis EMIR reporting solution has reported over 10,000,000 trades since launch

The MAP-ERS platform has been accepting Collateral Valuation Reports since July 23, three weeks ahead of the August 11th EMIR deadline

September 26, 2014 BY Andrew Saks-McLeod

Guest Editorial: Osbornonmics and the great myth of the UK 'recovery'

Top FX senior executive Paul Orford dissects and examines the rationale behind UK Chancellor George Osborne's claim that the UK is on the road to recovery

September 06, 2014 BY Gerald Segal

CySEC Chairman Demetra Kalogirou hit by mysterious SMS hacker

Apparently someone has it in for CySEC Chairman Demetra Kalogirou. The following announcement went out via CySEC's website on Friday (original in Greek, edited Google Translate follows): The Chairman of the SEC Ms. Demetra Kalogirou complained to Police today, regarding the spreading of malicious phone messages (SMS) which seems to refer to her as the sender. Ms.…

August 22, 2014 BY Andrew Saks-McLeod

Op Ed: Wish you were here?

LeapRate Managing Editor Andrew Saks-McLeod investigates the paradox in which the global and seemingly borderless aspects of the FX industry has not encouraged firms to branch away from the few specific regions in which they are concentrated.

Tag: Cyprus