June 6, 2017: The Financials Commissions, a leading external dispute resolution (EDR) organization, operated by FinaCom PLC, and serving the online forex and CFD brokerage industry, is pleased to announce a successful participation as an exhibitor at the 2017 iFX Expo International that just concluded last week in Cyprus.
As one of the largest industry conferences attended by the online brokerage industry, the iFX Expo International event in Cyprus saw over 3500 attendees and industry delegates including regulators, legal and compliance experts and financial technology and brokerage companies.
Located again this year at the Spyrou Kypriannou stadium, The Financials Commissions’s booth was located near the iFX Expo entrance enabling our staff to exhibit and interact directly with attendees. The Financials Commissions Chairman, Peter Tatarnikov was interviewed by local media agencies, sharing insights about industry developments and The Financials Commissionss’ expansion.
On day 1 of the event, May 24th, Mr. Tatarnikov participated as a guest speaker on the Regulation panel that was part of the event agenda. Mr. Tatarnikov joined a diverse panel of industry experts and talked about common regulatory challenges faced by the global forex and CFD brokerage community.
Mr. Tatarnikov commented: “iFX Expo International 2017 proved to reconfirm many of our views on the direction of global regulatory changes. Whether a company is unregulated or licensed in several jurisdictions, we have demonstrated that membership with The Financials Commissions can help improve client experiences in the inevitable cases when dispute resolution is needed and while enhancing broker’s own compliance protocols.”
Mr. Tatarnikov added: “Our proven approach to remedying complaints and commitment to education and best practices are some of the reasons that significant interest continues to be shown from both brokerages and platform technology developers who see the benefits of joining The Financials Commissions to enhance their own self-regulatory efforts. We are very pleased to have participated at this important industry event and extend our thanks to the organizers, media and our members and supporters.”
The event concluded on day two with a speech by the, Dimitra Kalogerou, Chairman of the Cyprus Securities and Exchange Commission (CySEC), where the theme of MiFID II was emphasized as radically changing European markets as it goes into effect in January 2018.
In addition to MiFID II changes – which was a major theme throughout the event – other global topics related to best execution in Forex and off-exchange markets were also on the forefront of many discussions.
The Financials Commissions observed that while more regulations are coming to different jurisdictions, there is also an increased need for self-regulatory efforts in both established and evolving regulatory hubs as companies strive to demonstrate and maintain high standards of compliance.
Following a successful event at the iFX Expo in Hong Kong earlier this year, The Financials Commissions is pleased to report the same momentum carrying into iFX Expo in Cyprus based on the feedback from market participants who showed interest in our membership-based organization. For more information about our membership requirements, please contact us.