CySEC Mandates Removal of Investor Compensation Fund Contributions from Capital Accounting
Posted: Mon Oct 10, 2016 12:13 pm
The Cyprus Securities and Exchange Commission (CySEC) has just issued an announcement today, outlining to Cyprus Investment Firms (CIFs) that the companies will have to change the accounting procedure for funds which are committed to the Cyprus Investor Compensation Fund (ICF). The news comes as part of a slew of changes this year, which the Cypriot regulator has made in order to boost its credibility as a EU-wide supervisory authority.
This is the spot to remind our readers what are the ICF fees which brokers are paying on an annual basis – brokers that operate as market makers ... (read more)