Licences and Regulation
FIBO Group Holdings Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (licence number 118/10) and is a member of the Investor Compensation Fund.
By virtue of sections 6(6) and 22 of the Investment Services and Activities and Regulated Markets Law of 2007 as amened, the Cyprus Securities and Exchange Commission has issued a CIF authorization that permits us to provide the investment and ancillary services or/and to perform only the investment activities in relation to the financial instruments.
(a) Investment Services:
- reception and transmission of orders in relation to one or more Financial Instruments
- execution of orders in relation to one or more Financial Instruments.
- dealing on own account.
(b) Ancillary Services:
- safekeeping and administration of Financial Instruments for the account of Clients, including custodianship and related services such as cash/collateral management.
- granting credits or loans to an investor to allow him to carry out a transaction in one or more Financial Instruments where FIBO is involved in the transaction.
- foreign exchange services where these services are connected to the provision of investment services.
In these Investment Services General Conditions and Policies, «financial instruments» has the meaning given to it in paragraph 2 of Law 144(I)/2007 and includes:
- Options, futures, swaps, forward rate agreements and any other derivative contracts relating to securities, currencies, interest rates or yields, or other derivatives instruments, financial indices or financial measures which may be settled physically or in cash.
- Options, futures, swaps, forward rate agreements and any other derivative contracts relating to commodities that must be settled in cash or may be settled in cash at the option of one of the parties (otherwise than by reason of a default or other termination event).
- Options, futures, swaps, and any other derivative contract relating to commodities that can be physically settled provided that they are traded on a regulated market or/and an MTF.
- Options, futures, swaps, forwards and any other derivative contracts relating to commodities, that can be physically settled not otherwise mentioned in paragraph 6 of Part III of the Law and not being for commercial purposes, which have the characteristics of other derivative financial instruments, having regard to whether, inter alia, they are cleared and settled through recognized clearing houses or are subject to
- regular margin calls.
- Financial contracts for differences.