Through the Circular, CySEC informs the Regulated Entities that they are legally obliged to notify to the Commissioner of the Protection of Personal Data (the “Commissioner”), by 30.04.17, the information provided in article 7 of the Law regarding the processing of personal data. Particularly: The Law applies to any processing of personal data which form part of a filing system or are intended to form...Read More
We would like to draw your attention to Circular C204, that was issued by CySEC on 04.05.17, regarding the regarding the freedom to provide investment and ancillary services and / or perform investment activities in a third country. The Circular was issued in continuance to the provisions of Circular C192. CySEC, in the context of its supervisory powers, requests from CIFs the following: To assess...Read More
Through the Circular, CySEC aims to inform the Regulated Entities that provide investment services relating to financial contracts for difference (CFDs) and other complex and speculative products such as Binary Options and Foreign Exchange Contracts to Retail clients, through branch or cross border, in the territory of France. CySEC draws the attention to the new Article L.533-12-7 of the French Law 2016-1691 of 9th December...Read More
Through the Circular, CySEC informs the Regulated Entities that further to Circulars C130, C140 and C141, CIFs shall be expected to report to CySEC on the likely implications that Brexit will have on their activities and services, including any suggestions for adopting immediate measures to eliminate their respective impact. CySEC’s expects that: CIFs look at their business model structure, services and activities in order to...Read More
Through the Circular, CySEC informs the Regulated Entities that ESMA published on 31st March 2017 an updated version of its questions and answers document (the “Q&A”) on the application of the Markets in Financial Instruments Directive (MiFID) to the marketing and sale of financial contracts for difference (CFDs) and other speculative products to Retail clients (such as binary options and rolling spot forex). Although the...Read More
