Eurivex Ltd (“Eurivex”) announces that the Cyprus Securities & Exchange Commission (“CySEC”) has granted the company a European Crowdfunding Service Providers (ECSPR) licence.
Eurivex is authorised by CySEC as an EU Crowdfunding Service Provider (license number CSP 2/24) for the services of Asset Safekeeping, Use of Special Purpose Vehicles (SPVs) and the Operation of a Bulletin Board.
Eurivex Ltd is also an EU Investment Firm, authorized and regulated by CySEC (number 114/10), licensed to offer the services of Reception, Transmission and Execution of Orders, Dealing on Own Account, Safekeeping of client financial instruments and Placing of financial instruments without a firm commitment basis.
Eurivex was established in 2009 and received its regulatory license from CySEC in March 2010.
The granting of the new pan-European licence serves as an additional confirmation that the company is fully compliant with all of the recently introduced regulations, and that its internal processes and procedures meet the financial standards necessary to operate anywhere in the EEA.
“The crowdfunding licence is a significant milestone for Eurivex as it will allow us to onboard Project owners from Cyprus and other European countries who wish to raise funds to finance their growth, create jobs and make a positive impact on the local economies where they operate”, says Eurivex CEO Shavasb Bohdjalian, adding that the European crowdfunding regulations “provide for new opportunities for investors with emphasis on security and transparency”.
The fact that Eurivex has been a regulated investment firm since 2010 means that customer onboarding is done in line with EU regulations and investor protection rules. This also includes adhering to customer complaint procedures, and the imposition of correct and transparent marketing communication, as well as making sure that the Key Investor Information Sheets (KIIS) provide a clear description of the project, the risks and rewards, and other critical information necessary, so that investors can make informed decisions in line with their risk appetite.