The Financial Services Advisory Teams (FSAT) of MAP S.Platis are proud to announce another success, in obtaining yet another Cyprus Investment Firm (CIF) License – the third in three consecutive months!
In this respect, MAP S.Platis would like to congratulate its client, Arab Financial Brokers, for receiving the CIF License with number 124/10 by the Cyprus Securities and Exchange Commission (CySEC) for their Cyprus affiliate, AFB FX Limited.
This is, indeed, a great achievement on behalf of our CIF Registration Team, as this has been the first CIF license to be issued to an entity from the State of Kuwait. In this respect, our expert teams, in close collaboration with our clients had to tackle coordination and communication issues between CySEC and the relevant Regulatory Authorities of the State of Kuwait, and deal effectively, in this respect, with slight delays in the process. The proven and deep experience of MAP S.Platis in these matters, together with the support and contribution of our clients, acted as very strong catalysts culminating in this success!
So, due to another set of path-breaking efforts by MAP S.Platis, the route for EU and Cyprus Investment Firms from the State of Kuwait is now finally open!
Finally, we would like to thank Arab Financial Brokers and its hard-working and professional teams for their successful collaboration with our CIF Registration Team and for trusting and following our investment firms’ application procedures which led to this important success!
We wish Arab Financial Brokers and AFB FX Limited every success in the future.