Home
Regulation Company policies Disclosures Risk  
Regulation

The Company is regulated by the Cyprus Securities and Exchange Commission and is subject to the requirements of the EU's Markets in Financial Instruments Directive (MiFID).

As part of a push to harmonise the provision of financial services across the European Economic Area (the 27 Member States of the European Union plus Iceland, Norway and Liechtenstein), the European Commission adopted the Markets in Financial Instruments Directive (MiFID), effective as of the first of November 2007. The directive aims at increasing competition and consumer protection in investment services.

 
The Scope of MiFID
In order to assess the scope of MiFID, a distinction must be made between 'investment services and activities' (core services) and 'ancillary services' (non-core services). If a firm performs investment services and activities, it is subject to MiFID regarding these activities but also any ancillary services provided. This is not the case for firms providing only ancillary services. Investment firms may use the MiFID passport to provide services to European Economic Area states other than its home state.

MiFID covers almost all tradable financial products with the exception of certain foreign exchange trades. This includes commodity and other derivatives such as freight, climate and carbon derivatives.

Key Topics
The main areas covered by the Directive are:

  • Authorisation, regulation and passporting
  • Client categorisation
  • Client order handling
  • Pre-trade transparency
  • Post-trade transparency
  • Best execution
  • Systematic Internaliser
Regulated by the Cyprus Securities and Exchange Commission - License number: 061/05
Risk Warning: Trading in financial instruments may result in losses as well as profits. Past performance is no guarantee of future results. Trading in derivatives (e.g. options, futures, swap contracts) could result to the loss of the whole capital invested. Derivatives are bilateral contracts whose value depends upon the value of an underlying asset or index. Trading in leveraged financial instruments may result in losses greater than the initial invested capital. You should only invest in derivatives or leveraged financial instruments if you posses the necessary knowledge and experience to understand the risks involved, the investment meets your investment objectives and you are financially able to bear the investment risks.  For further information on risks inherent in investing, click here.