CySec requests further information from CIFs after the recent move on Swiss Franc
![Cyprus Securities and exchange commission (cysec)](https://www.onestopbrokers.com/wp-content/uploads/2014/03/Cysec.jpg)
The recent move on the Swiss Franc has urgent CySec to ask information from the investment firms under its supervision, on the impact of the move on their business.
With a circular, the Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, urgently requests the Cyprus Investment Firms to report by Tuesday, January 20, 2015, the following:
1. Whether the recent move on the Swiss Franc caused by the Swiss Central Bank has, in
any way, an impact on their business/liquidity/funds, and/or on their clients’ funds.
2. If yes must provide:
i. a detailed analysis of the nature of the estimated impact,
ii. the estimated impact on monetary terms,
iii. the measures/actions that will be taken in order to rectify the situation and to
eliminate the impact,
Source: CySec – CySec requests further information from CIF after the recent move on Swiss Franc