GLPrimeTrade is a trading division of GLPrimeTrade Holding Ltd, a Company incorporated under the laws of Cyprus and regulated by the Cyprus Securities and Exchange Commission (“the CySec”).
Registration Details in regulatory authorities within the EEA
The European Directive on Markets in Financial Instruments (MiFID) 2004/39/EC, in force since 01.11.2007, aims to regulate and supervise the investment and ancillary services within the European Economic Area (EEA), with its main objectives being the improvement of performance levels in the markets, the increase of transparency in the financial markets, the promotion of competition and the protection of investors. Through the MiFID, an investment firm regulated in a Member State can provide its services in another Member State and/or third countries, always provided that the investment firm is licensed and authorised to provide such services.
The new legislative framework MiFID II/MiFIR which applies from 3 January 2018 reinforces the investor protection and improves the functioning of financial markets which makes them more efficient, resilient and transparent.