The Сompany is permitted to provide investment and ancillary services and to perform the investment activities related to the financial instruments stated in the attached Annex.
1. I, II and III correspond to Part I, Part II and Part III of the Annex III of the Law 144 (I)/2007.
2. The number in parentheses is the number of the section of the Part, as mentioned in paragraph (1) above.
The CySEC is a supervisory authority responsible for the regulation of financial markets and supervision of Cyprus Stock Exchange as well as of the companies providing investment services and ensures their strict compliance with the EU laws governing their operation. CySEC is a member of the European Securities and Markets Authority ESMA and regulated by the European Union Directive MiFID, 2004.
The main duties and responsibilities of the CySEC are as follows:
UBK Markets strictly and with high responsibility complies with all the rules and regulations of financial activity. The Company provides reliable protection to its Customers to ensure secure and professional trading environment. The CySEC license allows the Company to become a direct member of the European exchanges and easily establish offices in European Union member states.
Registration. UBK Markets Ltd was established in 2011, in the southern part of the European Union, in Limassol, Cyprus. Registered address: KYRIAKIDES BUSINESS CENTER, 2d floor, Leoforos Spyrou Kyprianou, 67, 4003, Limassol, Cyprus.
The CySEC imposes tough requirements on financial companies. Therefore, UBK Markets meets the strict requirements related to business operation, accounting as well as audit reports. All this guarantees our Customers stability and reliability when working with UBK Markets.
MiFID. UBK Markets operates in compliance with European, international and local laws, including the Markets in Financial Instruments Directive 2004/39/ЕС of the European Parliament (MiFID) with a coming into force date of November 1, 2007. The Directive guarantees transparent and effective financial market infrastructure in the countries of the European Economic Area (EEA) and protects the interests of its participants and consumers’ rights. MiFID was adopted in Cyprus through the Cyprus Investment Services and Investment Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).
The Investor Compensation Fund
UBK Markets is a member of ICF (the Investor Compensation Fund) for the customers of CIF (Cyprus Investment Firms) in accordance with the Republic of Cyprus Law 144(I)/2007.