CySec (Cyprus) and FSC (Mauritius) sign cooperation agreement

Typically such agreements allow regulatory agencies to share information about their members and companies participating in financial markets. This will also allow the regulators monitor lawful and unlawful activities by companies abusing the regulatory framework. One example could be of a company holding FSC's license but operating out of Cyprus, against 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's requirements.

The Cyprus Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission signed yesterday a bilateral Memorandum of Understanding and Cooperation (MoU) with the Financial Services Commission of Mauritius.

The MoU was signed by the Chairman of the Cyprus Securities and Exchange Commission, Mrs. Demetra Kalogerou and the Chief Executive of the Financial Services Commission of Mauritius, Mrs. Clairette Ah-Hen, in a special ceremony in Nicosia.

The signing of the above mentioned MoU aims to further enhance the cooperation between the two supervisory Authorities, aiming specifically to facilitate the exchange of information and the more effective investigation of potential violations of the legislation regarding the securities market.

The signing of the MoU has also created a framework for the exchange of experiences, expertise and good practices that will contribute positively to the improvement and strengthening of supervisory capacity and practices.

Furthermore, the MoU manifests the mutual cooperation spirit between the two regulators and exhibits the openness of our economies, and it is expected to contribute to increasing the fruitful business ties between the two countries, benefiting both national securities markets.