CySEC toughens oversight on cross-border activities

Cyprus Securities and Exchange Commission (CySEC) revealed on Wednesday it would go tough on scrutinising the cross-border activities of Cypriot Investment Firms (CIFs) involved in distributing complex financial products.

In a press release detailing its supervisory priorities for 2024, CySEC pointed out concerns over potential risks associated with the distribution of complex financial products such as Contract for Differences (CFDs), saying that it is ramping up supervision of high and medium high-risk firms...