CySEC (Cyprus Securities and Exchange Commission)
The Cyprus Securities and Exchange Commission is Cyprus’s financial regulator, widely used to license forex and investment firms operating across the EU. A CySEC licence lets a firm passport investment services throughout the bloc and carries capital, client-money, and conduct requirements.
For a forex broker, the CySEC licence and the banking are interdependent: client-money segregation is both a licence condition and a banking prerequisite, so the two have to be built together. Sequencing the licence and the segregated banking as one project avoids being authorised but unable to hold client deposits.
A segregated account holds client funds separately from a firm’s own operating capital, so client money is never at risk if the firm becomes insolvent.
Safeguarding is the regulatory obligation on EMIs and payment institutions to protect customer funds by holding them separately from the firm’s own money, typically in a segregated account at a credit institution or covered by an insurance arrangement, so customers are repaid if the firm fails.
Anti-Money Laundering is the framework of laws, controls, and monitoring a regulated firm must run to detect and prevent the movement of illicit funds.
The Malta Gaming Authority is Malta’s regulator for online and land-based gaming, and one of the most widely recognised iGaming licensors.