KAWASE is a tradename of TopFX Ltd, which is registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under licence number 138/11, VAT 10274180P in accordance with the Markets in Financial Instruments Directive (MiFID).
Our regulation requires us to make adequate arrangements to safeguard clients when holding funds belonging to them and explicitly prevents any direct access to your segregated accounts where your funds are kept.
Being regulated means that we have to comply to strict guidelines regarding client’s funds, business practices and risk management to ensure transparent trading and fair client treatment.
TopFX Ltd is governed by all applicable EU and local regulations, including the European Markets in Financial Instruments Directive (MiFID) and the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).
The Cyprus Securities and Exchange Commission (CySEC) is the independent public supervisory authority responsible for the supervision of the investment services market and transactions in transferable securities carried out in the Republic of Cyprus.
The CySEC was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. The operation of the CySEC is governed by the Laws regulating the Structure, Resposibilities, Powers, Organization of the Cyprus Securities and Exchange Commission and Other Related Matters (N73(I)/1009).
The vision of the CySEC is to establish the Cyprus securities market as one of the safest, most reliable and attractive destinations for investment.
The mission of the CySEC is to exercise effective supervision to ensure investor protection and the healthy development of the securities market.
Registered with 25 EU Regulators
Apart from our CySec regulation, Kawase is required by law to meet stringent European financial regulations, and is registered with the regulators of 25 EU member states. To retain registration, we need to fulfill capital adequacy requirements, submit financial reports to the regulators, and undertake a detailed annual audit performed by an independent auditor.
Kawase is fully registered with The Federal Financial Supervisory Authority (BaFin).
The Federal Financial Supervisory Authority (BaFin) brings together under one roof the supervision of banks and financial services providers, insurance undertakings and securities trading. It is an autonomous public-law institution and is subject to the legal and technical oversight of the Federal Ministry of Finance.
The Federal Financial Supervisory Authority is often compared to the U.S. Securities and Exchange Commission (SEC) in the media and by the public as it can inspect for malpractice, issue administrative fines, make critical announcements and take action against institutions that have been found non-compliant.
Kawase is also a proud registered member of the Financial Conduct Authority (FCA)
The FCA’s registration aim is to make sure that financial institutions abide to a set of European rules in order for clients and investors to receive fair treatment.
This means ensuring Kawase is run with integrity and that we provide our clients with appropriate products and services that are within the legal framework.
Kawase is fully compliant with the MiFID Directive.
The European Union’s Markets in Financial Instruments Directive (MiFID) provides a harmonized regulatory regime for investment services within the European Economic Area. The main objectives of the Directive are to increase efficiency, enhance financial transparency, increase competition, and offer greater consumer protection in investment services. One of the unique principles of MiFID is that an investment firm may freely provide its investment and ancillary services within the territory of another member state and/or a third country, provided that such services are covered by the investment firm’s authorization.
Please follow the links below to review our legal documentation