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Qualifications Required
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To
be citizens of the Republic of Cyprus or Cypriots of male
descendancy, or aliens who are permanent residents of Cyprus and
have a work permit in Cyprus
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To
possess a diploma of a recognized university or to be members of a
recognized professional body
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To
have successfully passed the examination in the Law and practices of
the Stock Exchange.
To
have at least one year’s experience in the exercise of stock exchange
work in Cyprus, or as an exception to satisfy the Council that they
possess proved experience in another country and are well conversant
with the Stock Exchange affairs in Cyprus.
No
submission of an application shall be permitted under this Regulation by
persons who had been declared on solvency bankrupt or have been
sentenced for any offense involving dishonesty or moral indecency.
Requirements
for acceptance of an application
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An
application submitted in accordance with the Regulation above, shall
be accepted if the Council is satisfied that the applicant, in
addition to fulfilling the requirements set out therein, also has
the moral prerequisites and is fit and proper to exercise the
profession of the stockbroker and to maintain high standards of
professional behavior.
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In the
exercise of its discretionary power the Council shall especially
take into consideration the following:
(i) the
financial integrity.
(ii) the
clean penal background.
(iii) the
competence.
(iv) the good
reputation and character.
(v) the
efficiency and honesty of the applicant.
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