Cyprus Securities and Exchange Commission (CySEC)
Amana Capital Ltd is a registered Cypriot Investment Firm (CIF), Registration Number HE 281953, and authorized and regulated by the Cyprus Securities and Exchange Commission (CySec), Licence Number 155/11, under the Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007), and subject to all CySEC Rules. As a CySec regulated CIF, clients are assured that Amana Capital Ltd complies at all times with the strictest standards of proper handling and protection of client funds. To view the Amana Capital Ltd authorization, please click here.
Markets in Financial Instruments Directive (MiFID)
Markets in Financial Instruments Directive (MiFID) 2004/39/EC is a European legislation which came into effect in all countries of the European Economic Area (EEA) on November 1, 2007. MiFID was adopted in Cyprus through the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007). MiFID provides a harmonized regulatory environment for investment services and activities across 30 member states of the EEA (the 27 Member States of the European Union plus Iceland, Norway and Liechtenstein). The main objectives of the MiFID Directive are to enhance financial transparency, increase competition, and offer greater consumer protection in investment services.
Investor Compensation Fund (ICF)
Amana Capital Ltd is a member of the Investor Compensation Fund (ICF), in compliance with Law 144(I)/2007. The objective of ICF is to provide protection and to secure monetary payment compensation claims against Cyprus Investment Firms in cases where the member of the fund is not in a position to meet its obligations.