Investments Firms

Investment firms are public limited companies whose permanent activity is provision of investment services. An activity license is required for operating as an investment firm, issued by the Financial Supervision Authority. 

Investment services are:

• purchase and transfer of securities in its own name and for the account of a customer
• purchase and transfer of securities in the name and for the account of the customer
• receipt of securities transaction orders from customers and forwarding or execution thereof for the account of the customer
• trade in securities for its own account
• management of a portfolio of securities separately for each customer in accordance with the instructions of the customer
• underwriting a securities issue
• organising the issuance of securities, public offers or the acceptance of securities for trading on a regulated market