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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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APME FX Trading Europe, 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.   APME FX Trading Europe Ltd 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 APME FX Trading Europe Ltd 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...

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Inappropriate use of title transfer collateral arrangements

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 that investment firms properly consider, and are able to demonstrate that they have done so, the use of title transfer collateral arrangements in the context of the relationship between the client's obligation to the firm and the client assets subjected to title transfer collateral arrangements...

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Act of Production Doctrine

Cyprus Forex lawyers

Documents are the foundation of tax cases where crimes are suspected. Citations are frequently issued that demand extensive documentation to back up a claim of offenses for evidence against someone that can have devoted tax offences. Without paperwork and files as the foundation for these cases, governmental agencies are often unable to complete the declare that a person had breached the law. The Fifth Amendment becomes vital while concerning individuals regarding any documentation they may possess. This Amendment is usually applied with the intention of using testimony, however it also explains about individuals that may be pressured to provide records of...

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Depositing Client Funds

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, on receiving any client funds, promptly to place those funds into one or more accounts opened with any of the following: (a) a central bank. (b) a credit institution authorized in accordance with Directive 2013/36/EU of the European Parliament and of the Council (1). (c) a bank...

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Depositing Client 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   Member States shall allow investment firms to deposit financial instruments held by them on behalf of their clients into an account or accounts opened with a third party provided that the firms exercise all due skill, care and diligence in the selection, appointment and periodic review of the third...

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