Investment Related

Registration of a Cyprus Investment Firm (CIF)

Posted On : 15-05-2019

Cyprus, due to its attractive tax regime, coupled with its EU Member status, its implementation of the Markets in Financial Instruments Directive (MiFid), and regulatory regime has proved the perfect jurisdiction for the incorporation and operation of FX companies.

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Structural reforms in the financial services market brought about by MiFIR & MiFID II

Posted On : 18-09-2017

MiFID (Markets in Financial Instruments Directive) II and MiFIR (Markets in Financial Instruments Regulation) are the most important changes in legislature of the last decade and...

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Cyprus Investment Firms (CIFs): Directors’ liabilities in case of an offense

Posted On : 28-11-2016

The Board of Directors of a CIF shall consist of at least two executive Directors and two independent non-executive Directors. The majority of the Directors shall be Cyprus residents.

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New fast track examination scheme for obtaining CIF licence

Posted On : 12-11-2015

The Cyprus Securities and Exchange Commission have recently introduced a new “fast track” examination scheme to speed up the examination of the applications before the Commission and to comfort the relevant entities’ eagerness to get their authorization.
Who can participate?

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Organising a CIF to offer Binary Options

Posted On : 24-12-2014
A Binary Option is nothing more than a financial instrument/product. Binary Option trading does not require a ‘separate’ license.
CySEC has decided to include the trading in Binary Options within the scope of the Investment Services and Related Activities Law (the “Law”) and therefore binary options are considered as financial instruments.
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Alternative Investment Funds

Posted On : 17-10-2014
The Alternative Investment Funds Law of 2014 (the “AIF Law”) was enacted by the Cyprus House of Representatives on 10/07/2014 and was published in the Official Gazette of the Republic of Cyprus (on 25/07/2014).  The AIF Law repeals the International Collective Investment Schemes Law 47(I) 1999 (the “ICIS Law”) the former legislative framework for investment funds, which has been in place since 1999.
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CySecs models for Forex

Posted On : 10-08-2013

The following models of forex are regulated by the Cyprus Securities and Exchange Commission.

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CIFs providing investment services in third-countries

Posted On : 02-08-2013

Cyprus Investment Firms (‘CIFs’) may not provide investment services or perform investment activities in third country jurisdictions without first seeking the necessary prior authorisation by the Cyprus Securities and Exchange Commission.

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Anti-money laundering procedures for CIFs and providers of fiduciary services

Posted On : 18-05-2013

The CySEC has published a circular to CIFs and providers of fiduciary services licensed and supervised by CySEC.

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Cyprus Investment Firm's right to provide investment services to other Member States

Posted On : 22-02-2013

A Cyprus Investment Firm (‘CIF’) may freely provide investment services in a host Member State only if notifies its intention to the Commission, pursuant to Section 79 of the Investment Services and Activities and Regulated Markets Law (the 'Law').

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Authorization for Investment and FX Brokerage Firms from CySec

Posted On : 17-05-2011

N. Pirilides & Associates LLC provides a complete range of consulting/advisory services for the establishment, licensing and operation of Investment Firms in Cyprus. Our experienced team guarantees successful implementation of your aim to acquire an EU passport through obtaining a license to operate as an Investment Firm from the Cyprus Securities and Exchange Commission (CySec).

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