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ARTICLE · 10 OCTOBER 2017

Cyprus Section Of Mifid II Report 2017

Elias Neocleous & Co LLC
Elias Neocleous & Co LLC
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Elias Neocleous & Co LLC

Elias Neocleous & Co LLC

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There are currently more than 250 investment firms authorised by the Cyprus Securities and Exchange Commission (Cysec) operating in or from Cyprus.

CyprusWealth Management

SECTION 1: Market outlook

1.1 Please clarify which products or markets your jurisdiction hosts that are affected by Mifid II.

There are currently more than 250 investment firms authorised by the Cyprus Securities and Exchange Commission (Cysec) operating in or from Cyprus. The financial instruments they deal in include contracts for difference, binary options and other speculative forex products, in a number of jurisdictions, either in the EU or in third countries to the extent permitted by the applicable local legislation.

In addition, as an intermediary holding jurisdiction, Cyprus hosts buy-side entities including private asset holding structures and managers of investment funds. As primary recipients of the investment services of investment firms, they will undoubtedly benefit from the Mifid II provisions on investor protection, market transparency and increased market competition.

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