Important information to clients of and

As communicated previously, and
are no longer owned and operated by Novox Capital Limited (“The Company”).
for further clarifications and for refunds of available balances, please contact us at
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NVX is authorized and regulated by the Cyprus Security and Exchange Commission (CYSEC) under license number 224/14 ( and under the Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007), and subject to CySEC Rules.

NVX is authorized to provide the following investment and ancillary services:
       Investment services:

  • Reception and transmission of orders in relation to one or more financial instruments
  • Execution of Orders on Behalf of Clients
  • Dealing on Own Account

Ancillary Services:

  • Safekeeping and administration of financial instruments, including custodianship and related services
  • Granting credits or loans to one or more financial instruments, where the firm granting the credit or loan is involved in the transaction
  • Foreign exchange services where these are connected to the provision of investment services  

NVX is authorized to deal and provide investments services regarding the following Financial Instruments:

  1. Transferable securities including shares, bonds, and other debt instruments, including government and public issues, warrants and certificates representing securities.
  2. Money-market instruments.
  3. Units in collective investment undertakings (including units in unregulated investment undertakings).
  4. Options, futures, swaps, forward rate agreements and any other derivative contracts relating to securities, currencies , interest rates or yields, or other derivatives instruments, financial indices or financial measures which may be settled physically or in cash.
  5. Options, futures, swaps, forward rate agreements and any other derivative contracts relating to commodities that must be settled in cash or may be settled in cash at the option of one of the parties (otherwise than by reason of a default or other termination).
  6. Options, futures, swaps, and any other derivative contract relating to commodities that can be physically settled provided that they are traded on a regulated market or/and an MTF.
  7. Options, futures, swaps, forwards and any other derivative contracts relating to commodities, that can be physically settled not otherwise mentioned in the previous paragraph and not being for commercial purposes, which have the characteristics of other derivative financial instruments, having regard to houses or are subject to regular margin calls.
  8. Derivative instruments for the transfer of credit risk.
  9. Financial contracts for differences. Options, futures, swaps, forward rate agreements and any other derivative contracts relating to climatic variables, freight rates, emission allowances or inflation rates or other official economic statistics that must be settled in cash or may be settled in cash at the option of one of the parties (otherwise than by reason of a default or other termination event).

The Markets in Financial Instruments Directive (MiFID), is a European Union law that provides harmonized regulation for investment services across the 30 member          states of the European Economic Area (the 27 Member States of the European Union plus Iceland, Norway and Liechtenstein). The main objective of the Directive was    to increase competition and consumer protection in investment services. MiFID, which has been in effect from 1st November 2007, has been the cornerstone of the       European Commission's Financial Services Action Plan whose measures significantly changed the way EU financial services markets operated. The Directive contains             measures that changed and improved the organization and functioning of investment firms, facilitating cross border trading while creating strategic opportunities.

As a European investment firm, NVX has implemented all necessary legal requirements, protocols and policies to ensure full compliance with the Markets in Financial          Instruments Directive (MIFiD).  Moreover, NVX is constantly reviewing and updating its policies to better comply with the various rules and regulations.  MiFID aims to       harmonize the rules governing the activities of financial services firms, to promote easier cross border business, increase market transparency and improve investor             protection.  The CySEC monitors NVX’s compliance with MiFID.

As a CIF regulated by CySEC, NVX has its Legal Entity Identifier (LEI) code: 213800X255766OQIKN14, registered with the London Stock Exchange. LEIs are                   identification codes that enable consistent and accurate identification of all legal entities that are parties to financial transactions, including non-financial institutions. The    use of the LEI has been mandated by the European Securities and Markets Authority (ESMA) for the reporting of derivative transactions to Trade Repositories under       EMIR.

European Market Infrastructure Regulation (EMIR) is a European Union regulation designed to increase the stability and transparency of the over-the-counter (OTC) derivative markets throughout the EU states.

NVX, being an EU regulated CIF, follows EMIR at all times and strictly adheres to all the requirements in this regard.  The main obligations under EMIR are:

  • Central clearing for certain classes of OTC derivatives;
  • Application of risk mitigation techniques for non-centrally cleared OTC derivatives;
  • Reporting to trade repositories;
  • Application of organizational, conduct of business and prudential requirements for CCPs;
  • Application of requirements for Trade repositories, including the duty to make certain data available to the public and relevant authorities.

FATCA stands for the Foreign Account Tax Compliance Act. It is a new piece of legislation to help counter tax evasion in the US. NVX is in full compliance and has secured its own GIIN Number:  MXKFSM.99999.SL.196