LICENSES & REGULATIONS
The Financial Services Act 2012 came into effect on 1 April 2013 after its approval in December 2012.
The Act formed a new regulatory structure for financial services and put an end to the Financial Services Authority.
The authority has the power to investigate individuals and organizations, as well as regulate marketing activities of financial products. It is also able to place provisions on products and identify minimum standards.
CySEC was established in 2001 as a public legal entity in accordance with the Securities and Exchange Commission Law.
The authority's major duty is to ensure that the securities market of the Republic of Cyprus is constantly and steadily improving.
CySEC’s objective is to establish the securities market in Cyprus as one of the most attractive, reliable and safest destinations for investments.
AFX Group Brands’
Quantic is the trading name of AFX Capital Markets Ltd, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), licence no. 119/10 and registration no. 253014.
STO is a trading name of AFX Markets Ltd and AFX Capital Markets and is authorized and regulated by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).