Search Results for: Cyprus
CySec decided to suspend the authorisation of a Cyprus Investment Firm
August 10th, 2016
The Cyprus Securities and Exchange Commission (CySec), has announced that following a decision at the meeting dated 25 July 2016, the authorisation of the Cyprus Investment Firm Best Choice FBC Ltd, with number 234/14, is suspended, pursuant to section 26(2) ...
CySec announced that the license of a Cyprus Investment Firm continues to be suspended
August 1st, 2016
Following previous announcement dated 17 June 2016, the Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that the authorisation of the Cyprus Investment Firm AirFinance Pro Ltd (‘the Company’), with number 206/13, will continue as ...
Cyprus approves tax breaks to boost the start-up sector
July 28th, 2016
The government has approved a package of tax incentives to boost the start-up sector and innovation in Cyprus, undersecretary to the president Constantinos Petrides announced on Wednesday. The package includes an up to 50 per cent tax exemption on ...
CySec announced that a Cyprus Investment Firm renounced its authorization
July 26th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that on 11th July 2016, the CIF U.P.M. Ltd, which provided investment services via the domain www.upmltd.eu, renounced its authorization pursuant to section 24(1)(b) of the ...
Cyprus based investment firms and CySec’s work highlighted on ESMA’s warning for speculative products
July 26th, 2016
The European Securities and Markets Authority (ESMA) has issued a warning about the sale of contracts for differences (CFDs), binary options and other speculative products to retail investors who are unaware of the risks associated with these products, and ...
Israel and Cyprus agree gas field cooperation
July 25th, 2016
Prime Minister Benjamin Netanyahu and President Nicos Anastasiades agreed to cooperate over the neighboring Yishai and Aphrodite gas fields. Israel’s Prime Minister Benjamin Netanyahu and the President of Cyprus Nicos Anastasiades met yesterday to discuss a wide range of ...
BCSC warns for a Cyprus based CFDs broker
July 22nd, 2016
The British Columbia Securities Commission (BCSC) has issued a warning to inform investors and public for XForex, owned and operated by XFR Financial Ltd, a CFDs broker (Contracts For Difference) based in Cyprus. According to the warning, the Commission became aware ...
Central Bank of Cyprus fined Hellenic Bank for more than €1 million
July 18th, 2016
The Central Bank of Cyprus (CBC), within the remit of exercising its supervisory role, may take, under subsection (6) of section 59 of the Prevention and Suppression of Money Laundering Activities Laws of 2007 to 2016, all or any ...
New Cyprus Investment Firm authorised by CySec
July 12th, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued an announcement to inform that “New Vault Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firm). The firm is now authorised to operate legally ...
CySec imposed an Administrative Fine of €138.000 on a Cyprus Investment Firm
July 11th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors that, at its meeting held on June 06, 2016, the Commission decided to impose a total administrative fine of €138.000 to the CIF B.O. Tradefinancials ...