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In the aftermath of Belgium’s ban on over-the-counter (OTC) foreign exchange (FX), contracts-for-difference (CFDs) and Binary Options, the Cyprus Securities and Exchange Commission (CySEC) issued a notice to Cyprus Investment Firms (CIFs) to comply with the regulatory changes, which will come into effect on August 18, 2016, per a CySEC filing.
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The move follows after an ongoing situation in Belgium, which pitted the country’s market watchdog, the Financial Services and Markets Authority (FSMA) against a bevy of scandals and illicit operations. The litany of warnings ... (read more)