ATI Associates (Cyprus) Ltd. is a Company registered and domiciled in Cyprus since September 2001. Since 1988, and prior to the establishment of ATI in Cyprus, the Principals of the Company had been active in the Financial Services industry in the United Kingdom under the regulation of the UK Financial Services Authority and its’ predecessors, and separately, in the Gulf.
Until November 2007 the Central Bank of Cyprus regulated the activities of ATI Associates (Cyprus) Ltd as an Independent Financial Advisor.
With the coming into force of a European Union Directive on Markets in Financial Instruments (MiFID) on the 1st November 2007, and the corresponding Cyprus Law L. 144(I)/2007, (entitled the Investment Services and Activities and Regulated Markets Law of 2007), the structure for the Regulation of Cyprus registered Financial Advisors was changed. The Company is now licensed as a Cyprus Investment Firm regulated by The Cyprus Securities and Exchange Commission (CySEC) under Permit Ref. KEPEY 091/08 dated the 2nd July 2008. The Principals are holders of the prescribed certificates of competence in financial services issued after examination by the appropriate institutions.
Since the Company does not at any time hold Client money or assets, it is exempt from being a contributor of the Client Compensation scheme operated by CySEC. Nevertheless it is to be recognised that the maximum pay out in the case of failure of a contributory firm to meet its obligations, is set at the level of €20 000 total per client.
The Company holds Professional Indemnity Insurance issued by an internationally renowned Insurer, and is a founder member of the Association of Cyprus International Investment firms.