Sensus Capital Adds CySEC Regulated Subsidiary, Retains Malta License

The shareholders behind Malta incorporated brokerage Sensus Capital are in the process of acquiring a new subsidiary in Cyprus, and according to information obtained by Finance Magnates the firm is already onboarding new clients through the CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term regulated company GBE Safepay.

According to sources with knowledge of the matter, Sensus Capital is still maintaining its operating license in Malta and its existing clients have not been affected by the changes. The broker has also applied to rename its new Cypriot subsidiary.

The license of GBE Safepay Transactions provides Sensus Capital with a market making license. Sensus Capital's new clients are being handled by the Cypriot subsidiary.

According to information obtained by Finance Magnates, the investment in the new venture is a 7 digit amount as Sensus aims to bring additional client funds security to its clients. This new approach has become the norm for some companies operating on the island after investor concerns about the Solvency Solvency Solvency is defined as the quality or state of being solvent, relating to any individuals or businesses’ ability to pay off long-term debts including incurred interest.In essence, solvency is the ability of an entity to continue operations into the foreseeable future. Companies that become insolvent end up filing bankruptcy while solvency ratios can be performed by investors or analysts to evaluate a company’s ability to stay in business. How is Solvency Determined?Common solvency ratios used in Solvency is defined as the quality or state of being solvent, relating to any individuals or businesses’ ability to pay off long-term debts including incurred interest.In essence, solvency is the ability of an entity to continue operations into the foreseeable future. Companies that become insolvent end up filing bankruptcy while solvency ratios can be performed by investors or analysts to evaluate a company’s ability to stay in business. How is Solvency Determined?Common solvency ratios used in Read this Term of the Cypriot state have spread to the government backed deposit protection scheme on the island.

The company has faced challenges in the past after a dispute between shareholders triggered a visit by the Maltese regulator to the broker's offices back in April. No regulatory action has been taken against Sensus Capital.