LPs, Market Makers and CySEC
Posted: Wed Jul 20, 2016 9:13 pm
While the FX industry is rapidly growing, FX regulation is extending globally as there is a need to maintain it as a reliable and well protected industry for investors.
The EU, with the establishment of MiFID 2, requires higher transparency from investment firms. CySEC, as a regulator within the EU, and in the context of establishing effective arrangements and procedures, proposed several changes to the regulatory framework related to the selection, use and monitoring of liquidity providers/market makers by its supervised investment firms.
The recently issued consultation paper, addressed to all Cyprus Investment Firms (CIFs), reminded brokers of their responsibility to remain ... (read more)