CySEC Advises Cyprus CIFs to Comply with New Regulations in Spain and Germany

[kreslik.news]

The Cyprus Security and Exchange Commission (CySEC) today issued several official notes addressing all the regulated financial firms in Cyprus. In two separate circulars, the watchdog asked all Cyprus Investment Firms (CIFs) to comply with new Spanish and German regulations concerning the provision of forex and CFDs instruments to retail clients.

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According to CySEC, brokers that offer forex, contract for difference (CFDs) and other speculative products such as binary options to retail investors in Spain must now comply with the new rules set by the Comision Nacional ... (read more)