HF Regulation & License

HF Markets Europe Ltd. is authorized and regulated by the Cyprus Securities Exchange Commission (License Number 183/12) and holds a cross border license, authorizing the company to provide investment services internationally. The Cyprus Securities and Exchange Commission (CySEC) is the supervisory and regulatory authority for Investment Services firms in Cyprus and is a member of the Committee of the European Securities and Markets Authority (ESMA). HF Markets Europe Ltd. complies with all applicable EU and local regulations including the European Markets in Financial Instruments Directive (MiFID) and the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007). To view our License please click here
The European Parliament and Council adopted the Directive 2004/39/EC, dated 21 April 2004, on Markets in Financial Instruments (MiFID), which came into effect on 1/11/2007 and aims to regulate the markets of financial instruments for provision of investment services and activities within the European Economic Area (EEA). The Directive has also been adopted in Cyprus through the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).
The European Union’s Markets in Financial Instruments Directive (MiFID) provides a harmonized regulatory regime for investment services within the European Economic Area. The main objectives of the Directive are to increase efficiency, enhance financial transparency, increase competition, and offer greater consumer protection in investment services. One of the unique principles of MiFID is that an investment firm may freely provide its investment and ancillary services within the territory of another member state and/or a third country, provided that such services are covered by the investment firm’s authorization.
HF Markets Europe Ltd. is a member of the Cyprus Investor Compensation Fund (Fund). The Fund constitutes a private legal entity and its administration is exercised by an administrative committee of five members, who are designated for a three-year term.
The object of the Fund is to secure the claims of the covered clients against investment firms that are members of the Fund by the payment of compensation for clients’ claims given the failure of the member of the Fund to compensate the client. For further detail for the membership and the fund,please click here
HF Markets Europe Ltd is a member of Association of Cyprus International Investment Firms (ACIIF). The Association of Cyprus International Investment Firms (ACIIF), is a representative body of Cyprus Investment Firms (CIF’s). All members of ACIIF are licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).
To view the HF Markets Europe Ltd. membership please click here

 

Source: www.hotforex.com
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