The Commission decided to suspend the CIF licence of UGL Exchange after the violations of the law caused concerns about risk in the protection of the company’s clients and a threat to the orderly operation and integrity of the market. The company has one month to take actions and comply with the provisions of the…
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The Cyprus Securities and Exchange Commission (CYSEC) announced yesterday the suspension of Cyprus Investment Firm (CIF) authorisation of the company M.G.T.M. Financial Services Ltd. The regulator suspended CIF licence 270/15 of M.G.T.M. Financial Services Ltd, due to the company’s decision to expressly renounce it. The complete announcement can be seen here. Read more recent regulation…
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The Cyprus Securities and Exchange Commission (CYSEC) announced in the end of last week the suspension of Cyprus Investment Firm (CIF) authorisation of Prior Capital Cy Ltd. The agency suspended CIF licence number 221/13 because of suspicions of an alleged violation of the Investment Services and Activities and Regulated Markets Law of 2017 regarding the…
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The Cyprus regulator CySEC has earlier this week announced the company OMEGASERVE SECRETARIAL LTD waived its authorisation with Νumber 109/196. The company's authorisation lapsed as from January 2, 2020 and CySEC has permanently deleted OMEGASERVE SECRETARIAL LTD from the Register. OMEGASERVE remains under the supervision of CySEC until its compliance with any of its outstanding…
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The Cyprus regulator CySEC has earlier today warned investors about the following websites: naga-markets.online icfxmarkets.com caliburcapital.net According to the regulator, these websites do not belong to an entity which has been granted an authorization for the provision of investment services. CySEC once again urged investors to consult its official website before conducting business with investment…
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The Cyprus regulator CySEC announced today that it has decided to withdraw the AIFLNP licence of a company named Evolve Private Equity Fund Ltd. The Cyprus explained that it has come to this decision because the company has expressly renounced its authorisation. Evolve Private Equity Fund Ltd. is dissolved and put into liquidation in accordance…
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The Cyprus regulator CySEC announced today that it has decided to withdraw the CIF licence of a company named Whotrades Ltd. The regulator is withdrawing the Cyprus Investment Firm authorisation with Number 073/06 of Whotrades Ltd. due to the company’s decision to expressly renounce it. The Cyprus watch dog has recently announced that it has…
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The Cyprus regulator CySEC announced today that it has decided to withdraw the CIF licence of a company named Stocks Forex Ltd. The authorisation number 283/15 is suspended in whole, due to the following reasons: the company's own funds and initial capital were below the minimum allowed, the company did not submit its capital adequacy…
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Cyprus regulator CySEC has yesterday announced that it has decided to impose a total fine of €10.000 to the company Solid Financial Services Limited. The company did not ensure that the details regarding derivative contracts concluded were reported to a trade repository. Solid Financial Services Limited has also provided a false statement regarding its reporting…
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The European Securities and Markets Authority (ESMA) recently conducted a peer review of compliance by the national oversight authorities of thirty member states with new rules regarding suspicious transaction detection and reporting. These rules have been in force since 2017. Eight member organizations were rated as “Partially Compliant”, its lowest category. CySEC, which has spent…
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