Options and forex brokers are required to provide the CySEC regulator with transaction information, including CFDs and binary options and forex.
CySEC (Cyprus Securities and Exchange Commission ) has issued a new order that obliges companies and investment firms (CIFs) to provide the regulator with additional information about their activities in connection with the upcoming entry into force ofthe new version of the EU Markets in Financial Instruments Directive (MiFID II).
The new financial directives will come into force in January 2018, in addition there will be a number of changes in the requirements for CFDs and forex brokers.
The regulator emphasizes that now companies will be required to report on transactions covering not only instruments traded on multilateral trading systems (MTF) and organized trading systems (OTF). As the most actively traded instruments by retail clients, CySEC cites CFDs, bonds, ETFs, futures, interest rates, derivatives of the foreign exchange market, as well as, among others, binary options.
Now trading in financial markets will be more legal. Also, obtaining a license has become a more complicated procedure
Trading with licensed brokers is still so safe. Therefore, a couple, we see brokers with a CySEC license in blacklists
TRADE ONLY WITH HONEST BROKERS
Tagged with: CySEC • Regulation
