Tag Archives: cysec

CySec – Cypriot CIF Regulator not to issue certificate for non active and non compliant CIF entities

The Cyprus Securities and Exchange Commission (CySEC) announced on July 9,2015 an amended procedure for companies who have already obtained registration as Cyprus Investment Firms (CIFs) but have not yet had their licenses activated. CySec reasoning for the amendment is to prevent fraudulent activities of companies that seek to abuse the CySec regulation to scam investors. The decision to grant authorization ...

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