CySEC
Grade A
Cyprus Securities and Exchange Commission · Cyprus · Official register
License facts
What it takes to hold this license, from the TrustFinance regulator database.
Authorized capital
54,000 - 780,000
required to operate
Time to obtain
6-9 months
typical licensing process
TrustFinance grade
of A to D
Companies on record
81
holding this license
Requirements to get licensed
Main requirements:
- Physical office
- qualified personnel
- Compliance Officer/AML Officer
- Internal and External Audit
- Accounting
- Risk Management
License requires
- Registered office in Cyprus
- Daily, weekly, and monthly reports
- Funds level should stay above the limit specified by the CySEC
- Staff should use their own name to communicate with clients
- Criminal records
- Have a proper system to prevent money laundering and terrorist financing
- An annual statement
Documents require
For Brokerage Company;
- Group Structure
- Organisational Structure
- People Proofs of each key person (Notarized Passport, Notarized Proof of Address, Bank Reference Letter, Original professional Reference Letter, Certified Certificate of Non-Bankruptcy and Non-Criminal Records, Bank Statement, Diploma, Source of Funds, Tax Declaration)
- Marketing Plan
- Financial Plan
About this regulator
The Cyprus Securities and Exchange Commission, known as CySEC, is the financial regulatory agency of Cyprus. As an EU member state, CySEC's financial regulations and operations comply with the European MiFID financial harmonization law.
Companies holding this license
81 companies on record. Each links to its verification page.
