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Michalaki Pitsillidou Rozen Law Firm > Articles posted by admin (Page 7)

Cybercrime

Cybercrimes are criminal offenses committed via the Internet or otherwise aided by various forms of computer technology, such as the use of online social networks to bully others or sending sexually explicit digital photos with a smart phone. But while cybercrime is a relatively new phenomenon, many of the same offenses that can be committed with a computer or smart phone, including theft or child pornography, were committed in person prior to the computer age. This sub-section includes articles on cyber bullying, sexting, and a whole host of other crimes commonly committed online or with the help of computer networking...

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Special Needs Children and Divorce

The parent with the most financial income from a career or when taking on financial projects, can be usually considered as the one tasked with paying child support for the person that has primary custody. This is usually the father, however in some instances, the mother is the person who must provide monetary support to the child. The end of a marriage is exhausting and often requires considerable effort and planning to make sure a desirable outcome is attained. This is even more accurate when custody issues must be resolved. If the child has special needs, the essential planning for custody...

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What is a Tied Agent?

Introducing Tied Agent: A tied agent is an individual who established in a member state, who, acting under the full and unconditional responsibility of only one Investment Firm on whose behalf it acts, promotes investment and/or ancillary services to clients or provides the services of either receiving and transmitting instructions or orders, placing financial instruments or providing investment advice in respect of the financial instruments and services provided by the Cyprus Investment Firm.   Key Points: Some minor changes are made to the rules relating to tied agents, including one clarifying that tied agents will be able to hold money belonging to clients. ...

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What is an Introducing Broker?

Introducing Brokers and Forex An Introducing Broker (IB) is fundamentally an agent which introduces new clients to a Forex brokerage. In return for sending custom to a brokerage, the Introducing Broker receives a fee, with regards to Forex this is usually a certain promotion of the Spread or Commission charged by the brokerage. Supposing you are charged the amount of $3 commission on a precise Forex Trade it might be feasible that the Introducing Brokerage who refereed you to the broker would acquire over half this sum. A considerable percentage of brokerages, run Introducing Broker programs as it is able to...

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Inducements in respect of investment advice on an independent basis or portfolio management services

DIRECTIVES COMMISSION DELEGATED DIRECTIVE (EU) 2017/593 of 7 April 2016 Supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits.   Member States shall ensure that investment firms providing investment advice on an independent basis or portfolio management return to clients any fees, commissions or any monetary benefits paid or provided by any third party or a person acting on behalf of a third party in relation to the services provided...

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Inducements

DIRECTIVES COMMISSION DELEGATED DIRECTIVE (EU) 2017/593 of 7 April 2016 Supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits. Member States shall require investment firms paying or being paid any fee or commission or providing or being provided with any non-monetary benefit in connection with the provision of an investment service or ancillary service to the client to ensure that all the conditions set out in Article...

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Special Needs Children and Divorce

The parent with the most financial income from a career or when taking on financial projects, can be usually considered as the one tasked with paying child support for the person that has primary custody. This is usually the father, however in some instances, the mother is the person who must provide monetary support to the child. The end of a marriage is exhausting and often requires considerable effort and planning to make sure a desirable outcome is attained. This is even more accurate when custody issues must be resolved. If the child has special needs, the essential planning for custody...

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Product governance obligations for distributors

DIRECTIVES COMMISSION DELEGATED DIRECTIVE (EU) 2017/593 of 7 April 2016 Supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits. Member States shall require investment firms, when deciding the range of financial instruments issued by themselves or other firms and services they intend to offer or recommend to clients, to comply, in a way that is appropriate and proportionate, with the relevant requirements laid down in paragraphs 2 to...

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Product governance obligations for investment firms manufacturing financial instruments

DIRECTIVES COMMISSION DELEGATED DIRECTIVE (EU) 2017/593 of 7 April 2016 Supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits. PRODUCT GOVERNANCE REQUIREMENTS Product governance obligations for investment firms manufacturing financial instruments   Member States shall require investment firms to comply with this Article when manufacturing financial instruments, which encompasses the creation, development, issuance and/or design of financial instruments. Member States shall require investment firms manufacturing financial instruments to comply, in a way...

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Wonderinterest Trading Limited, a Forex Company launched its operations, fully CySEC licensed, with the full support of Michalaki, Pitsillidou & Co LLC.

Another Forex Company was approved by CySEC in the month of June by the comprehensive and extensive consulting of Michalaki, Pitsillidou & Co L.L.C.   Wonderinterest Trading Limited has been approved from CySEC after the supervision and full support of our Law Firm’s CIF’s and our experienced consulting team.   Our Law Firm wishes good luck to Wonderinterest Trading Limited and we guarantee that it is also our duty to keep providing substantial support to the Company.   Michalaki, Pitsillidou & Co LLC, remains stable to providing fast, efficient and value for money support to all of its clients throughout the years.   For more information and guidance...

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