Regulation .26 Processing Cyprus Securities and Exchange Commission

1 regulation & processing

1.1 regulation
1.2 processing
1.3 response

regulation & processing

cysec has experienced high growth rates of registrations , pioneering legislation in regards specific financial services. such, monitoring , regulation requirements organization continually under adjustment. process has been under attention of other eu regulators , cysec registered brokerage houses.

regulation

throughout 2014 , 2015, cysec has received criticism traders , industry commentators claimed organization required better legislation regarding regulation , monitoring of high risk investment firms. suggested fines being levied cysec tended smaller handed out other eu regulatory organizations. of criticism came in regards specific binary option brokers.

processing

cysec first financial regulator aiming regulate binary options. such, binary option brokers, including prominent ones, either registered (or attempting register) cysec able legally operate within eurozone or trusted internationally. of them have been requesting faster processing procedures , processes since 2012, unregulated brokers state on site “binary options simplest way trade market. have been available since 2008, , have become regulated in europe cysec in may, 2012.” not imply broker regulated cysec. traders should probe 5 digit cysec license number , verify on cysec’s website license (still) valid.

response

cysec has implement sweeping changes both registration , regulation processes of registered entities. changes include more transparency regarding existing listed entities, tougher fines, broker suspensions , license revoking. has set strict regulatory approval name changes. in circular in 2016, regulator explains name of regulated entities, or use of words within name, should reflect work/activities engaged in, purposes of not misleading investors . organization has set new structure in order improve handling of investor complaints.