Regulated by the Cyprus Securities and Exchange Commission
On 25 November 2007, Cyprus became compliant with the EU Directive known as MiFID (Markets in Financial Instruments Directive 2004/39/EC), which is aimed at harmonizing the operation and provision of investment services across Member States. A new law was passed in Cyprus – the Investment Services and Activities and Regulated Markets Law 144(1) 2007, which replaced the Investment Firm Law 2002.
Investment institutions are now obliged to provide their clients with more information with regard to their activities, products and transactions as well as warning them about any risks that the products that they offer might entail. Such companies must have measures protecting clients from any conflict of interest, risk management procedures and for the prevention of money laundering.
All enterprises involved in the activities and operation of regulated markets which deal with investment services must be licensed by the Cyprus Securities and Exchange Commission. A licence should be obtained by the company if it describes its services as one of the following: investment service, investment activity, regulated market, stock exchange, financial services, stock broking services, broker; any other similar words in different languages cannot be used without a licence.
The Cyprus Securities and Exchange Commission is entitled to issue separate directives if clarity is needed on the provisions of the law, for example, Directive DI 144-2007-01 (about the licensing and operation of investment companies) and Directive DI 144-2007-02 (professional competence of investment firms), Directive DI 144-2007-03 (submission of an application to grant or extend Cyprus Investment Firm authorisation), Directive DI 144-2007-04 (on the charges and annual fees of investment firms and the natural persons employed by them), DI 144-2007-05 (regarding capital adequacy), DI 144-2007-06 (regarding large exposures of CIFs), DI 144-2007-07 (market transparency requirements).
So thanks to the new law and directives, Cyprus is able to afford better protection to the interests of clients of investment service providers.
Our team monitors the latest trends emerging in the legislative sector of investment services and provides legal assistance in relation to all aspects of investment service provision, including the process of incorporating investment companies, contractual relations, dispute resolution and issues relating to the stock market.
Some of our cases in this area include:
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I was so lucky to meet Mr. Georgiades by coincidence at the right time and place! Since then, all my legal and domestic concerns to establish my new major telecom project in Cyprus were handled with care, professionalism at the highest standards. Beside that, Mr. Yiannos has an extensive experience and very large relationships with all levels in and outside Cyprus.Marwan Tal
On a personal level I know Yiannos for more than 50 years and I have been working with him, his legal teams and firm for the last 5 years . Everything I know about Yiannos as an individual — his undeniable integrity, dedication, hard work and smarts— he managed to transfer to his business and legal teams.Andreas Panayi
The best attorney in Cyprus! Diligent, precise and professional every single time. Couldn’t have asked for a better lawyer for my business!Maria Solonos
I have known Yiannos for more than 10 years exclusively as a good professional and decent person. He and his team have vast experience in solving various legal issues, and what I like is that your problem will be approached not only from a professional side, but also from a human side. For any questions in Cyprus and in the European Union only to Yiannos!L D
I have worked with Georgiades & Associates over many years on behalf of mutual clients requiring legal services in Cyprus. They provide a sound and very reliable service and are my go to lawyers in CyprusNicholas Taylor
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Great team !!! Professionals in their field!!! And not only in Cyprus, but anywhere in the world Yiannos and his team can help, support and succeed!!! With Best respect and gratitudeAleksey Smirnov
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Very satisfied with the consulting and legal advice supplied. They have an excellent understanding and are always kind and helpful.Minas Kiriakou
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Professional Law Office from Nicosia which takes care for their clients with respect. Highly recommended !Rafael Porzycki
Fantastic law firm. Great expertize, professional Team, top notch serviceAleksandra Rudis
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Friendly, approachable, excellent legal advisers, always ready to help.Clare Andreou
Professional law firm! Excellent services!!Mikaella Samara
Very professional team!!! Always a pleasure to cooperateElizabeth Friedrich
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Great legal firm for business purposesAlexander Papacosta
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I have been cooperating with this law firm for almost 6 years now. What stands out about them, is their professionalism combined with friendliness. I have found this team of lawyers quite approachable and welcoming, even in difficult incidents, or even in cases that they would have to direct me to someone else. They would always show care and attention and coming back to me. Well recommended.Angela Panayiotou
We know what it means to defend rights. We work with people, for people and strive to always seek justice.