What is Cyprus Securities & Exchange Commission (CySEC)?

The Cyprus Securities and Exchange Commission, ( Greek: Επιτροπή Κεφαλαιαγοράς) better known as CySEC, is the financial regulatory agency of Cyprus. As an EU member state, CySEC's financial regulations and operations comply with the European MiFID financial harmonization law.

Who regulates Cyprus based brokers?

It regulates most Cyprus-based brokers. A large percentage of financial companies functioning in Cyprus comply with CySEC requirements. As an EU member, CySEC's regulations and functions adhere to MiFID, allowing members to do European commerce with simpler regulations and faster approvals.

Do brokerage firms have a license from CySEC?

All brokerage firms with a license from CySEC must follow a set of guidelines and rules established by the government. They must be open and fair about how they do business and follow the directions in Cyprus and the EU. The following are the obligations that fall under the Securities and Exchange Commission of Cyprus:

Does CySEC authorise the provision of investment services?

The provision of investment services and/or the performance of investment activities as a regular occupation or business is a subject to prior authorisation by CySEC in accordance with Chapter I of Law 87 (I)/2017 – For the Provision of Investment Services, the Exercise of Investment Activities, the Operation of the Regulated Markets.