BrokerCreditService (Cyprus) Ltd.
BrokerCreditService (Cyprus) Limited is a European compliant member of BCS Group of companies. The group carries out a wide spectrum of investment activities for individual and corporate clients. Brokercreditservice Ltd, the leading BCS Group member, has been repeatedly awarded and nominated as one of the best investment companies in Russia.
"Brokercreditservice Ltd" is one of the largest securities trading companies in Russia with the objective to provide seamless service for international and domestic clients through the efficient interaction of research, trading and other services on the Russian equity market.
"BCS Asset Management" manages a number of investment and pension funds.
"BCS Consulting" provides financial consultation on mergers and acquisitions, taxation and business development processes.
"Depositary Institution MSD" is a provider of safekeeping and safe custody services in the Russian capital markets.
"BCS Bank"’s main line of operations is to provide loans to individual and corporate investors for stock trading, to finance business projects.
"BCS Educational Center" has offices in 50 largest cities throughout Russia, providing the foundations and more advanced principals of stock and currency trading to potential investors. Studying on-line is available to the clients as well.
This serves to inform our Clients that as of 12 December 2008 Client assets and the Company's own assets have been deposited with institutions which are part of the BCS Group and with Banking Institutions which are trustworthy and long standing associates to the Company in order to minimise risk exposure of its own and Clients’ assets. This transfer of assets was undertaken in light of the recent increased unrest in the global financial sector and the occurrence of financial institutions’ failures, as well as the obligations arising under Paragraphs 19(1) and 20(2) of the Directive DI144-2007-01 for exercising all due skill, care and diligence in the periodic review of institutions with which Client assets are deposited. The constant contact of BCS with the companies-members of the BCS Group and its top-management ensures for almost real-time update of the Senior Management and Safekeeping Department of the Company in respect to the conditions in any member of the BCS Group.
BCS Prime Brokerage Ltd.
BCS Prime Brokerage Ltd. is a company registered in England and Wales (registration no. 08040031) and is an appointed representative (acting as tied agent) of BrokerCreditService (Cyprus) Limited which is regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC) (license reference 048/04) and is recognized by the Financial Services Authority (reference number 440285) and authorized to conduct business with UK investors. BCS Prime Brokerage Ltd is recognized by the Financial Services Authority under reference number 587806.
BCS Prime Brokerage Ltd acts solely as the appointed tied-agent of its principal, BrokerCreditService (Cyprus) Limited, in providing access to institutional investors covering major world markets using on-line trading solutions for professional and institutional investors looking to trade in international and domestic financial markets.
The senior management and the trading team of BCS Prime Brokerage Ltd bring together many years of experience in the global financial services industry and a depth of knowledge and experience that enables the use of latest technology to provide a quality service to a global client base.
The Financial Services Authority approved BCS Prime Brokerage Ltd as a Tied Agent for BrokerCreditService (Cyprus) Limited in the United Kingdom in accordance with article 32 of the Markets in Financial Instruments Directive (2004/39/EC). An application was initially submitted by BrokerCreditService (Cyprus) Limited to the relevant authority in Cyprus in May 2012 to accept BCS Prime Brokerage Ltd as its Tied Agent in the UK to carry out the representation services specified below.
BrokerCreditService (Cyprus) Limited formulated an Agency Agreement with BCS Prime Brokerage Ltd on 1st June 2012, which came into effect on the date that the Tied Agent became approved by the Financial Services Authority. The said Agreement does not carry any pre-specified termination date.
Receptive Representation Services
The representation services that the Tied Agent will perform on behalf of BrokerCreditService (Cyprus) Limited shall be as follows:
(a) Promotion of the principal's services to potential clients,
(b) Solicitation of clients or potential clients,
(c) Reception of orders from clients and transmission of such orders to BrokerCreditService (Cyprus) Limited,
(d) Provision of advice in respect of the financial instruments and services provided by the Company.
Office Address of BCS Prime Brokerage Ltd.
The address of the Tied Agent's office, through which the Tied Agent will be offering the aforementioned representation services is as follows:
BCS PRIME BROKERAGE LTD
25 OLD BROAD STREET
LONDON EC2N 1HQ