Identification of systemically important Cyprus credit institutions
Directive 2013/36/EU on the prudential supervision of credit institutions and investment firms requires what the directive defines as “systemically important institutions”, that is, institutions of such significance that their failure or malfunction could lead to systemic risk, to maintain appropriate contingency buffers of common equity tier one capital, over and above the levels required for […]
Extension of controls on sale of binary options and contracts for difference to retail investors
The Cyprus Securities and Exchange Commission has notified Cyprus Investment Firms it regulates that the European Securities and Markets Authority has extended its controls on binary options and contracts for difference. The prohibition on the marketing, distribution or sale of binary options to retail clients, which has been in effect since 2 July 2018, has […]
