The Markets in Financial Instruments Directive (MiFID) is the framework of European Union (EU) legislation setting the requirements regarding the way investment services are provided across the European Economic Area, including the requirement to provide clients with information on the way in which services are provided. MiFID was applied in Cyprus from November 2007.
The services provided by The Cyprus Investment and Securities Corporation Ltd (CISCO) include receiving, transmitting and executing client orders in financial instruments, investment advice, portfolio management and investment banking.
Your legal relationship with CISCO will be governed by the terms and conditions of the Agreement for the Provision of Investment Services and Activities and Ancillary Services you enter into with CISCO (the "Agreement"), together with the terms of the Investment Services Documents. Copies of the applicable Investment Services Documents will also be annexed to your Agreement, but you can request for additional copies from CISCO at any time. If the terms of any of the Investment Services Documents are inconsistent with any term in the Agreement, the term in the Agreement will apply.
The terms of the Agreement will set out your client categorisation (i.e., as a retail client, a professional client or an eligible counterparty) and the services provided by CISCO. Depending on your categorisation and the services being provided, different Investment Services Documents will apply.
Order Execution Policy
Conflicts of Interest Policy
Pillar 3 Disclosures
According to the provisions of Article 7(1) of the European Regulation (ΕΕ) 575/2013, CISCO is not obliged to disclose information related to its capital adequacy, on an individual basis.
The above information is disclosed on a consolidated basis by the holding company of CISCO, the Bank of Cyprus Public Co Ltd, and can be found on the following link:
Pillar 3 Disclosures
The information on this site is provided to existing and potential clients, wishing to receive general information on investment and related ancillary services offered by CISCO. This information is subject to change from time to time by CISCO, in accordance with the terms and conditions of your Agreement. Clients are advised to regularly visit CISCO's website to obtain the updated information.
It is important to read and understand the information provided in both your Agreement and the Investment Services Documents. You should obtain such legal, investment and other advice as you consider appropriate in relation to such information and its effect on your Agreement, or any future Agreement, with CISCO, as appropriate.