MiFID II

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.

MiFID II will apply from the 3rd of January 2018.  This new legislative framework will strengthen investor protection and improve the functioning of financial markets making them more efficient, resilient and transparent.

The services provided by The Cyprus Investment and Securities Corporation Ltd (CISCO) include receiving, transmitting and executing client orders in financial instruments, investment advice and investment banking.

Further information:

MiFID II Pre-Contractual Information Package

Order Execution Policy

Order Execution Policy (Global eTrading)


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.