Tag: CySEC

May 25, 2018 BY Valentina Kirilova

CySEC to withdraw ASP authorisation of Standville Limited

The Cyprus Securities and Exchange Commission (CySEC) has announced that, at its meeting held on 23rd April 2018, decided, pursuant to sections 14(1)(a) and 14(1)(c) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (‘the Law’), to withdraw the Administrative Services Provider authorisation with Number 20/196 of Standville…

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May 15, 2018 BY LeapRate Staff

CySEC clarifies rules for Forex brokers offering cryptocurrency CFDs

Cyprus financial regulator CySEC has just issued a new circular, outlining the rules governing brokers which offer cryptocurrency CFD trading to clients. CySEC began by pointing out - as did UK regulator the FCA last month - that while cryptocurrencies themselves are not considered financial instruments as defined by European rule-setter ESMA, derivatives of cryptocurrencies…

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April 27, 2018 BY Valentina Kirilova

CySEC signs MoU with Cyprus Public Audit Oversight Board

The Cyprus Public Audit Oversight Board (CyPAOB) and the Cyprus Securities and Exchange Commission (CySEC) have announced that they have recently signed a Memorandum of Understanding (MoU). The MoU was signed by Mrs Rea Georgiou, Chairwoman of CyPAOB and Mrs Demetra Kalogerou, Chairwoman of CySEC. With this MoU, a framework and procedures for close cooperation…

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iforex fined cysec
February 20, 2018 BY Valentina Kirilova

CySEC fines iForex parent company ICFD Ltd €138,000

The Board of the Cyprus Securities and Exchange Commission (CySEC) has informed the public that, at the meeting held on 13th November 2017, it has decided to impose a total administrative fine of €138.000 to CIF ICFD Ltd for non compliance with several issues (see below). ICFD Ltd operates the iForex Retail FX brokerage brand.…

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U.S. IRS publishes new crypto tax guidelines for forks, income, and gains
February 16, 2018 BY Valentina Kirilova

CySEC adopts ESMA's Market Operators Guidelines

The Cyprus Securities and Exchange Commission (CySEC) has informed that the ESMA Guidelines on the management body of Market Operators and Data Reporting Services Providers have been adopted by CySEC. The complete text of the announcement can be seen below: TO : Market Operators and Data Reporting Service providers FROM : Cyprus Securities and Exchange…

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CySEC fine
February 09, 2018 BY Valentina Kirilova

CySEC fines Chesterfield Corporate Services Ltd €20,000

The Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed the public that, at its meeting held on 20th November 2017, decided to impose a total administrative fine of €20.000 on the ASP Chesterfield Corporate Services Ltd for noncompliance with: Sections 58(a), 58(c) and 58(e) of the Prevention and Suppression of Money…

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CySEC fine
February 06, 2018 BY Valentina Kirilova

CySEC fines CIF licensed Hoch Capital Ltd €30,000

The Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed that, at the meeting held on 20th November 2017, it decided to impose an administrative fine of €30.000 to the CIF Hoch Capital Ltd (‘the Company’). The fine has been made due to non-compliance with section 36(1)(a) of the Investment Services and…

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CySEC
January 18, 2018 BY Valentina Kirilova

CySEC temporary pauses its certification examinations

The Cyprus Securities and Exchange Commission (CySEC) just announced that, no certification examinations (advanced or basic) will be carried out during February and March 2018, due to the up-date of the examination material, in the light of the new Investment Services and Activities and Regulated Markets Law of 2017. The current examination material will be…

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