The term financial services means:
"dealing in investments, managing investments, providing investment advice or establishing and operating collective investment schemes. In this connection the term investments refers to shares, debentures, government and public securities, warrants, certificates representing securities, units in collective investment schemes, options, futures and contracts for differences."
Normally only branches, subsidiaries or associate companies of overseas financial services companies, enjoying a good reputation internationally and established in countries where there is adequate financial supervision, may be considered as eligible for a licence to render international financial services from Cyprus.
