CySEC (Cyprus Securities and Exchange Commission) - Cyprus is the securities and exchange commission, which functions as the state regulator in Cyprus. The main mission of the Commission is to monitor the work of financial and monetary companies located in the Republic. Since Cyprus is a full member of the European Union, the CySEC has the same powers as all European financial supervisory agencies, such as FSA - by the British Financial Services Authority. The Cyprus Commission monitors the investment firms to comply with those directives of the legislative and regulatory framework as Cyprus and the European Union. This public body is in control over the actions and operations of the stock market. In identifying violations CySEC has the right to apply different measures, administrative or disciplinary sanctions - fines of up to revocation of licenses.

 

Among the duties of the Cyprus Commission for the Securities and Exchange Commission allocate the most basic

  • Control over the activities of licensed investment companies
  • Supervise the functioning of brokerage firms, brokers и dealing centers
  • Issuing operating licenses to companies engaged in investment activities
  • Control over the operation of the Cyprus Stock Exchange, as well as on those operations that it conductes.
  • Supervise the activities of companies, investment advisors, portfolio managers, monitoring of investment projects
  • Collection and requesting information that is needed to perform the functions CySEC, and the requirement to provide the necessary information by persons or entities, if any, it may provide.
  • When violations of the laws or non-fulfillment of obligations by brokers, brokerage firms, investment advisors, any person falling under the provisions of the law of the stock market - the use of revocation or other disciplinary action, administrative sanctions
  • Inspection of companies whose securities are listed on the stock exchange, the fund management joint partnerships

Cyprus national license and is issued CySEC, brokers have:

  • Finam
  • UWC
  • Admiral Markets/li>
  • FOREXYARD/li>
  • FxPro

Licensed by the Cyprus Securities Commission is estimated at 30 points in the ranking of brokers.