CYSEC Board Decision Announcement date : 06.10.2020Board decision date : 03.08.2020 Regarding: Royal Forex Ltd Legislation:Τhe Investment Services and Activities and Regulated Markets Law Subject:Settlement €270.000 Judicial Review: NAJudicial Review Ruling:NA The Cyprus Securities and Exchange Commission («CySEC») would like...
Why we are proposing changes We believe that retail consumers can’t reliably assess the value and risks of derivatives (contracts for difference, futures and options) and exchange traded notes (ETNs) that reference certain cryptoassets. This is due to the: inherent...
ANNOUNCEMENT The Cyprus Securities and Exchange Commission (‘CySEC’) announces that, on 14 September 2020, the Company Providing Administrative Services IFSA Management Ltd (the ‘Company’), waived its authorisation pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and...
The Swiss Financial Market Supervisory Authority FINMA has found that Banca Credinvest seriously breached anti-money laundering regulations in its handling of Venezuelan client relationships. FINMA recently concluded corresponding enforcement proceedings and imposed a variety of measures. FINMA opened enforcement proceedings...
On 28 August 2020, Wirecard announced that it intended to wind-down its FCA-regulated business. The Wirecard Card Solutions Limited (‘Wirecard’) is authorized and supervised by the FCA to issue e-money and provide payment services, including the issuing of e-money onto...
