Regulations become tougher for FOREX companies in Cyprus

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Cyprus has seen a tightening of the rules and regulations within the Forex market including Cypriot investment companies. In 2015, CySEC (Securities Commission of Cyprus) fined 14 investment companies a total amount in excess of €2 million. Moreover, 2 Directors of Cypriot investment companies were punished nearly €150,000 each, and another for the amount of €30,000.