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Month: December 2019

AML Compliance Officers’ Examinations

CySEC Announcement dated 17th December 2019 on the “ AML Compliance Officers’ ” Examinations The Cyprus Securities and Exchange Commission (CySEC) would like to inform all the interested parties that it will initiate the conduct of the examinations for the certification of the Anti-Money Laundering Compliance Officers (AMLCOs) in February 2020.The said examinations are conducted by CySEC to...
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Directive DI87-09 dated 27.09.2019 in relation to the Marketing, Distribution and Sale of CFDs

The Cyprus Securities and Exchange Commission (‘CySEC’) has issued a Directive for the imposition of national measures to restrict the marketing, distribution and sale of contracts for difference (‘CFDs’).The Cyprus National Product Intervention Measures (‘CyNPIMs’) include:Restricting leverage limits from 30:1 to 2:1 on the opening of a position by a retail client; The adoption of th...
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