National Supervisory Authority & Licensing Qualification Dossier • European Economic Area & Switzerland
CyFO
CyprusFINANCIAL OMBUDSMAN OF THE REPUBLIC OF CYPRUS
Source / Native Reference: 塞浦路斯金融申诉机构
- Supervisory tier
- Tier-2
- License classes
- 2
- Licensed records
- 11
- Active / regulated
- 9
Statutory Supervisory Mandate & Scope
Financial Futures Association of Japan (FFAJ) (FFAJ) is a Tier-1 derivatives, commodities, and market-infrastructure supervisory body in Japan. It regulates futures commission merchants, derivatives dealers, clearing members, and exchange-traded contract execution, enforcing margin adequacy, position limits, trade reporting, and segregated client collateral protections.
Prudential Tier Assessment
Tier-2Tier-2 national capital markets, securities, and derivatives supervisory authority in Cyprus, IOSCO member standards-aligned.
National licensing qualifications & statutory authorisation classes (CyFO)
Authorisation categories, permitted institutional and retail activities, minimum initial capital adequacy, and ongoing prudential solvency rules enforced by CyFO in Cyprus.
| License class / code | Official designation | Permitted institutional & retail activities | Minimum initial / base capital | Ongoing prudential & solvency rule |
|---|---|---|---|---|
| Category 1 / Principal Broker-Dealer | Full-Scope Securities & Derivatives Dealer (Market Maker / Principal) | Dealing as principal or market maker in securities, FX, CFDs, futures, options, and underwriting. | USD $150,000 – $500,000 equivalent minimum paid-up capital | Risk-weighted capital adequacy + minimum liquid capital buffer ≥ 25% of annual fixed overheads. |
| Category 2 / Agency Broker & Asset Manager | Securities Brokerage (Agency / STP) & Discretionary Portfolio Management Licence | Order execution, reception and transmission of client orders, discretionary portfolio management, and investment advisory. | USD $75,000 – $150,000 equivalent minimum paid-up capital | Strict client money segregation, best-execution monitoring, and quarterly regulatory financial returns. |
Investor compensation, client money segregation & digital-asset regime
Statutory counterparty protections, custody reconciliation mandates, and virtual-asset licensing status under CyFO.
National Investor Protection / Compensation Scheme (Cyprus)
- Maximum coverage per client
- Subject to statutory national investor protection fund limits and segregated trust priority
- Eligible counterparties & scope
- Retail clients of licensed securities and investment brokerage firms.
CyFO Client Money & Safe Custody Segregation Rules
- Reconciliation & audit cadence
- Daily reconciliation of segregated client trust bank accounts against client trading ledger balances.
- Approved custodian requirements
- Client funds and securities must be held in bankruptcy-remote statutory trust accounts at licensed commercial banks or central securities depositories.
CyFO Digital Asset / Tokenized Securities & VASP Regulatory Framework
- Travel Rule, custody & stablecoin rules
- FATF Recommendation 16 Travel Rule enforcement and institutional qualified custody standards.
Primary Governing Statutes & Rulebooks
- Securities and Capital Markets Act of Cyprus
- CyFO Licensing, Prudential Capital Adequacy & Conduct of Business Rules
- Client Money & Custody Asset Segregation Regulations (Cyprus)
- IOSCO Principles of Securities Regulation & National AML/CFT Rulebook
Regulatory Reporting & Audit Obligations
Quarterly capital adequacy returns and annual IFRS audited financial statements submitted to CyFOAnnual independent auditor attestation on Client Money and Safe Custody complianceTransaction reporting, market abuse surveillance (MAR), and AML/CFT suspicious activity reporting
Cross-Border Equivalence & Passporting
Eligible for EU/EEA MiFID II and MiCA cross-border freedom-of-services passporting across 30 EEA member states.
Supervised institutions & CyFO licence records in our database
11 licence records referencing CyFO (9 regulated/registered, 2 flagged with warnings/revocations).
| Institution | Licence number | Status | Licensed legal entity | Effective date | Verification |
|---|---|---|---|---|---|
| eToro | 109/10 | Regulated | Etoro (Europe) Limited | 2010-01-14 | |
| Admiral Markets | 201/13 | Regulated | Admirals Europe Ltd (ex Admiral Markets Cyprus Ltd) | 2013-06-14 | |
| ThinkMarkets | 215/13 | Regulated | TF Global Markets (Europe) Ltd | 2013-09-20 | |
| AUS GLOBAL | 350/17 | Regulated | AC Markets (Europe) Ltd | 2017-11-12 | |
| capital.com | 319/17 | Regulated | Capital Com SV Investments Ltd | 2017-04-07 | |
| EightCap | 246/14 | Regulated | Eightcap EU Ltd | 2014-07-30 | |
| London | 341/17 | Revoked | London Capital Group (Cyprus) Ltd | 2017-10-23 | |
| JustMarkets | 401/21 | Regulated | JustMarkets Ltd | 2021-06-08 | |
| FXCM(Global network record) | 392/20 | Regulated | Stratos Europe Ltd | 2020-11-23 | |
| GBE(Global network record) | 240/14 | Regulated | GBE Brokers Ltd | 2014-06-27 | |
| TrioMarkets(Global network record) | 310/16 | Suspected clone | LMAX Broker Europe Ltd | 2016-08-08 |
CyFO (Cyprus): institutional licensing & due diligence FAQ
Key statutory capital, compensation, custody segregation, and verification answers for compliance teams.
What are the primary licensing classes and minimum capital requirements under CyFO (Cyprus)?
CyFO (FINANCIAL OMBUDSMAN OF THE REPUBLIC OF CYPRUS) supervises financial institutions in Cyprus under Securities and Capital Markets Act of Cyprus and CyFO Licensing, Prudential Capital Adequacy & Conduct of Business Rules. Key statutory authorisation classes include: Category 1 / Principal Broker-Dealer (Full-Scope Securities & Derivatives Dealer (Market Maker / Principal) — min. capital: USD $150,000 – $500,000 equivalent minimum paid-up capital); Category 2 / Agency Broker & Asset Manager (Securities Brokerage (Agency / STP) & Discretionary Portfolio Management Licence — min. capital: USD $75,000 – $150,000 equivalent minimum paid-up capital). Ongoing prudential supervision requires strict adherence to capital adequacy and liquidity buffers.
Does CyFO provide statutory investor compensation and mandatory client asset segregation?
Under CyFO's framework, investor protection is governed by National Investor Protection / Compensation Scheme (Cyprus) with maximum coverage of Subject to statutory national investor protection fund limits and segregated trust priority (Retail clients of licensed securities and investment brokerage firms.). For client money and custody assets, supervised firms must comply with CyFO Client Money & Safe Custody Segregation Rules, performing daily reconciliation of segregated client trust bank accounts against client trading ledger balances. with client funds and securities must be held in bankruptcy-remote statutory trust accounts at licensed commercial banks or central securities depositories..
How does CyFO regulate digital assets, crypto exchanges (VASPs/CASPs), and stablecoins?
CyFO's digital-asset regime is structured around CyFO Digital Asset / Tokenized Securities & VASP Regulatory Framework (Unified EU MiCA (Regulation (EU) 2023/1114) CASP licensing and DLT Pilot Regime.). Custody and AML/CFT compliance obligations require: FATF Recommendation 16 Travel Rule enforcement and institutional qualified custody standards.
How can I verify an institution's CyFO licence number and check our 11 recorded licence entries?
Our database currently tracks 11 licence records referencing CyFO (9 marked regulated or registered). To verify a counterparty at the primary source, open CyFO's official public register (http://www.financialombudsman.gov.cy/), search by the exact reference number and legal entity name, and confirm that the firm's domain and permitted activities match its statutory authorisation.
Related regulatory & market structure briefings
Research and compliance analysis from Sovereign Tax Atlas relevant to CyFO and Cyprus.
Sovereign Tax & Treaty Architecture
OECD Pillar Two 15% Global Minimum Tax (QDMTT, IIR & UTPR), CARF Digital-Asset Reporting, and Cross-Border Financial Withholding Tax Architecture (2026)
An authoritative 2026 sovereign tax reference analyzing OECD/G20 GloBE 15% minimum effective tax rate (ETR) mechanics, QDMTT/IIR/UTPR charging priority for multinational banks and brokers, Investment Entity exclusions, IRC Section 871(m) dividend equivalents, and OECD CARF / EU DAC8 automatic exchange.
Cross-Border Tax Treaties
Luxembourg RAIF & SCSp vs Ireland ICAV vs Singapore VCC: Institutional Fund Domicile Tax Treaty Access & Dividend Withholding Matrix
Institutional fund domicile selection refers to structuring cross-border vehicles to cut U.S. and EU dividend withholding taxes from 30% to 0%–15% under bilateral tax treaties.
OECD Pillar Two & Global Minimum Tax
OECD Pillar Two 15% Global Minimum Tax: GloBE Rules, QDMTT, IIR & UTPR Institutional Reference (2026)
The OECD Pillar Two Global Anti-Base Erosion (GloBE) framework enforces a 15% minimum effective tax rate across 145+ jurisdictions on multinational enterprises with consolidated revenues of at least EUR 750 million (Source: OECD Inclusive Framework, 2026-09-18).
OECD Pillar Two & Global Minimum Tax
OECD Pillar Two 15% Global Minimum Tax (GloBE, QDMTT, IIR & UTPR): Statutory vs. Bilateral Treaty Withholding Tax Rate Matrix (2026) (15.0% Minimum Effective Tax Rate Benchmark)
OECD Pillar Two 15% Global Minimum Tax (GloBE, QDMTT, IIR & UTPR) (OECD-GLOBE-QDMTT) stands at 15.0% (Minimum Effective Tax Rate) (Source: OECD/G20 Inclusive Framework, 2026-10-20), governing dividend, interest, and roya
Statutory licensing classes, base capital rules, and investor protection summaries for CyFO (Cyprus) are maintained for institutional benchmarking and do not constitute legal advice. Always verify current rulebooks and active firm authorisations directly on CyFO’s official public register.