Regulated Investment Services
The commission is responsible for overseeing and regulating the following services (shown in the table below). The first task is therefore to decide which services a license should be applied for.
|1||Reception and transmission of orders in relation to one or more financial instruments.||Reception and transmission of client orders, without the need to obtain information regarding the knowledge and experience of the client in order to assess the appropriateness of the service or the instrument for the client.|
|2||Execution of orders on behalf of clients.||Acting to conclude agreements to buy or sell one or more financial instruments on behalf of clients.|
|3||Dealing on own account.||Trading against proprietary capital resulting in the conclusion of transactions in one or more financial instruments. The terms “trade on own account” or “trading on own account” have similar interpretation.|
|4||Portfolio management.||Managing portfolios in accordance with mandates given by clients on a discretionary client-by-client basis where such portfolios include one or more financial instruments.|
The provision of personal recommendation to a client, either after his request, or on the initiative of the CIF, in relation to one or more transactions related to financial instruments.
(a) Is made to a person in his capacity as a client or potential client, or in his capacity as an agent of a client or a potential client, and (b) is presented as suitable for the client, or is based on a consideration of the circumstances of the client (i) to buy, sell, subscribe for, exchange, redeem, hold or underwrite a particular financial instrument.
But does include a recommendation that is issued exclusively through distribution channels or to the public.
|6||Underwriting of financial instruments and/or placing of financial instruments on a firm committed basis.||Underwriting refers to the process whereby an investment bank raises investment capital from investors on behalf of corporations and/or governments that are issuing securities (either Equity or Fixed Income). It assumes that the underwriter has taken on the risk of distributing the securities. Should he be unable to find enough investors, he will have to hold some securities for himself.|
|7||Placing of financial instruments without a firm commitment basis.|
|8||Operation of Multilateral Trading Facility.||A multilateral system operated by a CIF or market operator, which brings together or facilities the bringing together of multiple third-party buying and selling interest in financial instruments – in the system and in accordance with its non-dictionary rules.|
Cyprus vs Malta: Tax & Investment Considerations
Malta and Cyprus undeniably have the most favourable citizenship by investment programmes in Europe. Many individuals are using such schemes as a means of significant wealth protection and gaining dual nationality; while smaller economies within the EU receive financial compensation for the privilege.
How the Cyprus Passport Scheme is Really Affecting Banks & the Economy
When Cyprus’ fiscal and banking crisis culminated in the March 2013 bailout agreement, President Anastasiades’ government decided to help the economy return to growth as early as possible by giving the construction sector a boost throughout 2014; avoiding unemployment rates sky rocketing to an all-time high of 20%. This also included a number of supply and demand boosting measures to the Cyprus property market.
European Commission Under Pressure to Crack Down on Golden Visa Schemes
Berlin-based non-governmental organisation Transparency International are putting pressure on the European Commission to create plans to allow for reporting and full disclosure of all passport schemes of member states that allow foreign investors to acquire either EU citizenship or residence permit.
Demand Generation Marketing for Medium-Large Companies: 100 - 1000 Clients
Demand Generation marketing efforts refer to the various marketing approaches companies of different sizes and stages of commerce need in order to drive attention, interest and retain clients. Essentially what turns a start-up to a sustainable large business that may have even have grown internationally.
Demand Generation Marketing for Small-Medium Businesses: 10 – 100 Clients
Demand Generation marketing efforts refer to the various marketing approaches companies of different sizes and stages of commerce need in order to drive attention and interest in products & services, to acquire clients. Essentially what turns a good idea into a sustainable business.
Demand Generation Marketing for New Businesses: 0 - 10 Clients
Demand Generation marketing efforts refer to the various marketing methods companies of different sizes and stages of commerce require in order to drive attention and interest in products & services, to acquire clients, essentially what turns a solid proposal into a sustainable business.
The Investigation of a Cyprus Company's Affairs: Application of the Law & Effectiveness
At the request of a Cyprus company’s Shareholder, where it is proven that a more comprehensive investigation is required regarding a company’s activities, the court can issue a declaration of investigation by an inspector appointed by the Cyprus Council of Ministers. The discretion of the court must be applied carefully; as such an order can heavily impact a company and depending on the outcome of the investigation, can be a severe measure that deviates from fundamental principles of Cyprus company law.
UK: The Current Problems with Money Laundering & the Violation of Anti-Money Laundering Regimes
The fact that money can be transferred from one jurisdiction to another means, that money laundering as a concept involves the entire modern world. Money laundering is a process during which the origin and purpose of payments are hidden and typically has three stages.