CySEC rescinds requirement for Cyprus forex brokers
CySEC rescinds requirement for Cyprus explained by professional Forex trading experts the “CySEC rescinds requirement for Cyprus” FX trading team.
CySEC rescinds requirement for Cyprus
LEAPRATE EXCLUSIVE….. BREAKING FOREX NEWS…. Great news heading into the weekend for Cyprus forex brokers. LeapRate has learned that Cyprus’ financial regulator CySEC has fully revered its previous, controversial position which required Cyprus forex brokers to provide very onerous disclosure regarding their operations in non-EU countries. In a quite remarkable and rapid about-face, CySEC formally rescinded its two previous circulars on the subject.
What happened exactly? On July 26, CySEC issued a circular requiring licensed Cyprus forex brokers to provide a list of all countries in which they do business, and for each individual country to either show a local license, or to receive a formal you-don’t-need-a-license-to-operate here type of permission letter from the local financial regulator.
CySEC rescinds requirement for Cyprus Conclusion
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