CySEC stated that the action is aimed at protecting investors.
The decision was reached in a meeting held on October 23.
The Cyprus Securities and Exchange Commission
(CySEC) has taken decisive action against Neo Premium Investments (NPI) Ltd.
The regulatory body announced the withdrawal of NPI's Cyprus Investment Firm
(CIF) authorization today (Thursday).
Following the withdrawal of NPI's CIF authorization,
the firm is facing a series of challenges, including the cessation of its
activities as a CIF. According to the regulator, this action
is intended to ensure that the regulated companies adhere to the highest standards of
financial practices, mitigating risks and protecting investors.
CySEC's Firm Stand on Compliance
CySEC maintains that companies must comply with the regulations, uphold their fiduciary responsibilities, and prioritize the
welfare of their investors. The decision to withdraw NPI's license was officially reached during a meeting held on
October 23, 2023.
Source: CySEC
Last month, CySEC warned the Board Members of CIFs
to enhance performance and prioritize integrity and high ethical standards. Dr
George Theocharides, the Chairman of CySEC, stressed that Cyprus remains open
for business but only for those entities that adhere to rigorous regulatory
standards.
Separately, CySEC issued a directive to CIFs in a recent notice, drawing their attention to the product intervention measures
established by the Comisión Nacional del Mercado de Valores (CNMV) in Spain.
These measures, effective from August 3, 2023, are designed to safeguard the
interests of retail investors in the country, mainly concerning contracts for difference (CFDs) and other leveraged products.
Regulatory Push to Safeguard Retail Investors
In light of advertisement restrictions, the CNMV
resolution is prohibiting the advertisement of CFDs and other leveraged instruments
to retail investors. This restriction is intended to limit the exposure of
retail investors to high-risk financial products. CySEC emphasized the importance of financial firms
adhering to the product intervention measures set by CNMV.
Besides that, the CNMV has imposed restrictions on
specific remuneration policies and sales techniques related to CFDs and
leveraged products. These limitations are designed to prevent aggressive or
inappropriate marketing and sales tactics.
The Cyprus Securities and Exchange Commission
(CySEC) has taken decisive action against Neo Premium Investments (NPI) Ltd.
The regulatory body announced the withdrawal of NPI's Cyprus Investment Firm
(CIF) authorization today (Thursday).
Following the withdrawal of NPI's CIF authorization,
the firm is facing a series of challenges, including the cessation of its
activities as a CIF. According to the regulator, this action
is intended to ensure that the regulated companies adhere to the highest standards of
financial practices, mitigating risks and protecting investors.
CySEC's Firm Stand on Compliance
CySEC maintains that companies must comply with the regulations, uphold their fiduciary responsibilities, and prioritize the
welfare of their investors. The decision to withdraw NPI's license was officially reached during a meeting held on
October 23, 2023.
Source: CySEC
Last month, CySEC warned the Board Members of CIFs
to enhance performance and prioritize integrity and high ethical standards. Dr
George Theocharides, the Chairman of CySEC, stressed that Cyprus remains open
for business but only for those entities that adhere to rigorous regulatory
standards.
Separately, CySEC issued a directive to CIFs in a recent notice, drawing their attention to the product intervention measures
established by the Comisión Nacional del Mercado de Valores (CNMV) in Spain.
These measures, effective from August 3, 2023, are designed to safeguard the
interests of retail investors in the country, mainly concerning contracts for difference (CFDs) and other leveraged products.
Regulatory Push to Safeguard Retail Investors
In light of advertisement restrictions, the CNMV
resolution is prohibiting the advertisement of CFDs and other leveraged instruments
to retail investors. This restriction is intended to limit the exposure of
retail investors to high-risk financial products. CySEC emphasized the importance of financial firms
adhering to the product intervention measures set by CNMV.
Besides that, the CNMV has imposed restrictions on
specific remuneration policies and sales techniques related to CFDs and
leveraged products. These limitations are designed to prevent aggressive or
inappropriate marketing and sales tactics.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
