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Cyprus Bans FX Firms From Accepting Non-EU Clients!

These days Cyprus has a tendency of getting the spotlight way more often it should. And Cyprus did it again! Cypriot regulator CySeC enacted a rule, which is effective immediately, that stipulates that brokers which operate under the CySeC license and as a result comply with MiFID rulings allowing them to attract clients from all over Europe, including Britain, will no longer be able to solicit business from any jurisdiction outside of the European Union. Obviously, the new ruling will ha…
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Nadin5794 avatar
Nadin5794 2013年08月02日

the question of restriction of jurisdiction of the offshore is discussed since the beginning of this year

pawansansanwal avatar
pawansansanwal 2013年08月02日

Now that's one bad move made by Cyprus

annatimone avatar
annatimone 2013年08月04日

Yes. I agree. Cyprus is going from one extreme to another. Government in Cyprus doesn’t know what they are doing.

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