Tag: CySEC

CySEC
January 08, 2018 BY Valentina Kirilova

CySEC renews the registrations in the Public Register of Certified Persons

The Cyprus Securities and Exchange Commission (CySEC) has just mde an announcement regarding the renewal of the registrations in the Public Register of Certified Persons (the “public register”). The complete text of CySEC's announcement can be seen below: A. Renewal Process In accordance with the Paragraph 17(1) of the Directive regarding the Certification of Persons…

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CySEC fine
December 20, 2017 BY Valentina Kirilova

CySEC issues €95,000 administrative fine to UFX.com parent Reliantco Investments Ltd.

The Cyprus Securities and Exchange Commission (CySEC) has announced that it has imposed an administrative financial penalty on Reliantco Investments Ltd., an investment firm which operates the UFX.com online Retail FX and CFDs brand. A sum of €95,000 has been imposed on the company for multiple compliance failings that breached the policies and procedures CySEC…

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CySEC fine
December 15, 2017 BY Valentina Kirilova

CySEC fines CIF licensed Centralspot Trading Ltd €50.000

The Board of the Cyprus Securities and Exchange Commission (CySEC) announced that it has decided to impose a total administrative fine of €50,000 to CIF Centralspot Trading Ltd for non-compliance with: Section 28(1) of the Investment Services and Activities and Regulated Markets Law of 2007, as amended from time to time (‘the Law’), as it…

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SFC fines
December 08, 2017 BY Valentina Kirilova

ASP Asoted Services Ltd fined €16,000 by CySEC

The Board of the Cyprus Securities and Exchange Commission (CySEC) wishes to inform the public that, at its meeting held on 25th September 2017, it decided to impose administrative fines totalling €16,000 on ASP Asoted Services Ltd for non-compliance with: Sections 58(a) and 58(c) of The Prevention and Suppression of Money Laundering and Terrorist Financing…

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December 04, 2017 BY Valentina Kirilova

CySEC fines Bank of Cyprus and its former directors for accounting disclosure failures

The Cyprus Securities and Exchange Commission (CySEC) announced that it has imposed a series of fines totaling €595,000 on Bank of Cyprus Public Company (the “Company”) and ten of its former directors - including its former Chief Financial Officer (together, the “directors”) - for individual and collective failings to make adequate provision for doubtful debts…

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Concorde Investments CySEC
November 30, 2017 BY LeapRate Staff

CySEC withdraws CIF license suspension of Concorde Investments (Cyprus) Ltd

Cyprus financial regulators the Cyprus Securities and Exchange Commission (CySEC)has announced that, further to its Decision published on 11 October 2017, informs the public that, at its meeting dated 27 November 2017, it has decided to withdraw the suspension of the authorisation of the Cyprus Investment Firm Concorde Investments (Cyprus) Ltd (‘the Company’), number 189/13,…

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cysec cif licence suspension
November 23, 2017 BY Valentina Kirilova

CySEC to suspend its Fast Track Examination CIF licensing scheme

The Cyprus Securities and Exchange Commission (CySEC) has just informed that it decided to suspend the ‘fast track’ examination scheme (the ‘Scheme’) for the assessment of applications for granting a Cyprus Investment Firm authorisation in accordance with Section 21 of the Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007). The CySEC…

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November 10, 2017 BY Valentina Kirilova

Binary Options broker Dragon Options renounces CySEC CIF license

The Cyprus Securities and Exchange Commission (CySEC) announced that, on 6th November 2017, the CIF Dragon Options Ltd (‘the Company’) has renounced its authorisation, pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore, the CIF authorisation with Νumber 223/14 lapsed as from…

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