Cyprus Securities and Exchange Commission (CySEC)
Tickmill Europe Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission as a CIF limited company (licence number 278/15). CySEC is the financial regulator of the Republic of Cyprus, established according to section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001. The purpose of CySEC is to safeguard investor protection and facilitate the sound development of the securities market through the exercise of efficient supervision.
Financial Conduct Authority (FCA)
Tickmill UK Ltd is authorised and regulated by the UK Financial Conduct Authority (reference number 717270). The FCA is an independent public body given statutory powers by the Financial Services and Markets Act 2000, regulating the conduct of both retail and wholesale financial services firms in the UK. The regulator’s mission is to make financial markets work well with the aim to protect consumers, enhance market integrity and promote competition.
Seychelles Financial Services Authority (FSA)
Tickmill Ltd is regulated as a Securities Dealer by the Seychelles Financial Services Authority (licence number SD 008). FSA is established under the Financial Services Authority Act 2013. The regulator’s key responsibilities include the licensing, supervision and development of non-bank financial services in Seychelles through a solid regulatory regime.
- FCA – Financial Conduct Authority
- BaFin – Federal Financial Supervisory Authority
- CONSOB – Commissione Nazionale per le Società e la Borsa
- ACPR- Autorité de Contrôle Prudential
- CNMV- Comisión Nacional del Mercado de Valores
Directives and Memberships
The European Union’s Markets in Financial Instruments (MiFID II) directive 2014/65/EU provides a harmonised regulatory regime for the provision of investment services within the European Economic Area. The key objectives of the directive are to maximise efficiency, increase financial transparency, encourage competition and offer greater consumer protection. MiFID II allows investment firms to provide investment and ancillary services within the territory of another member state and/or a third country, provided that such services are covered by the investment firm’s authorisation.
Financial Services Compensation Scheme (FSCS)
Tickmill UK Ltd is a member of the Financial Services Compensation Scheme. The FSCS is an independent compensation fund of last resort for customers of authorised UK financial services firms, set up under the Financial Services and Markets Act 2000. The FSCS’s objective is to pay compensation if a firm is unable or likely to be unable to pay claims against it in the event the firm has stopped trading or has declared to be in default.
Investor Compensation Fund (ICF)
Tickmill Europe Ltd is a member of the Investor Compensation Fund. The ICF has been set up according to Article 59(1) and (2) of Law 144(Ι)/2007 as an investor compensation fund for CIF clients and its functions are regulated by the directive 144-2007-15 of CySEC. The fund’s objective is to secure the claims of covered clients against the ICF members through the payment of compensation for any claims arising from the failure of a member of the fund to meet its obligations.