The definition of Affiliates includes: those third parties with whom a CIF may often engage across multiple jurisdictions, to promote the brand of the CIF online, use their website as a portal for displaying promotional and advertising content, host marketing material and direct web-traffic to the authorised CIF’s website, increase the online profile of the CIF through search engine optimisation and perform any other similar...Read More
Through the Circular, CySEC informs the Regulated Entities that provide investment services relating to financial contracts for difference (CFDs) to Retail Clients, through branch or cross border, in the territory of the German Regulator, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). Regulator’s legislation: General Administrative Act regarding CFDs dated 08.05.17; Enforcement date: 10.08.17 (within 3 months from issuance on 08.05.17); Restriction applicable: Pursuant to Section 4b(1) of...Read More
Through the Circular, CySEC informs the CIFs that following Circular C204 issued on 04.05.17 and after taking into consideration the requests made by a number of CIFs, the submission deadline for the information requested via Circular C204 is extended to 31.07.17. CySEC’s expects that: All the information requested by CySEC via Paragraph 2 of Circular C204 shall be submitted to CySEC by 31.07.17.Read More
Through the Circular, CySEC informs the Regulated Entities that the Joint Committee of the three ESAs, published on 26.06.17 its final guidelines on AML and CFT (the “guidelines”). These guidelines: are essential to the European Union’s fight against ML/TF, as they set clear, regulatory expectations of the way credit and financial institutions should discharge important AML/CFT obligations and pave the way for a more effective...Read More
Through the Circular, CySEC informs the Regulated Entities that CIFs that provide investment services relating to Financial Contracts for Difference (CFDs) and rolling-spot foreign exchange (Forex) with a leverage greater than 10:1, or Binary Options to Retail Clients, through branch or cross border, in the territory of the Spanish Regulator, the Comisión Nacional del Mercado de Valores (CNMV). Regulator’s legislation: Annex 1 issued by the...Read More
