License and Regulation
A core and significant aspect on selecting an investment firm is to find a regulated entity where regulations, process and safety will be adhered at all times, securing that all appropriate measures and actions are taken. All companies regulated by the CySEC are obliged to meet strict financial standards including capital adequacy requirements. As such Jin Daocheng Ltd must adhere to a strict reporting schedule and regularly submit financial reports performed by an independent auditor. Our promise is to try to achieve the highest standards when it comes to transparency and integrity on our daily operations.
The Cyprus Securities and Exchange Commission (better known as CySEC), is the supervisory and regulatory authority of the Cyprus Stock Exchange and investment services firms in Cyprus. CySEC is a member of the European Securities and Markets Authority (ESMA) and governed by the European MiFID regulation since Cyprus became a member of the European Union in 2004.Jin Daocheng Ltd is governed by 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).
Jin Daocheng Ltd is regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC), under license reference: 316/16 (http://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/39028/ )
CySEC has the right to fine companies and/or terminate a company’s regulatory status in case of violations. The strict regulatory environment that Jin Daocheng Ltd complies with serves to protect the client. It is a guarantee that business is carried out according to a number of firm rules and standards that have the purpose of limiting fraud and thereby also protecting client funds.
Jin Daocheng Ltd is MiFID (Markets in Financial Instruments Directive) compliant.
The Markets in Financial Instruments Directive (MiFID) 2004/39/EC which came into effect on 1st November 2007, is a European Union law that provides harmonized regulation for investment services across the 31 member states of the European Economic Area. The main objective of the European Union’s MiFID is to harmonize the governing of financial markets within the European Economic Area (EEA), and therefore to increase efficiency, improve financial transparency and consumer protection in investment services. MiFID allows an investment firm to freely provide its services both across the EEA and to other countries, provided that such services are covered by the investment firm’s authorization.