CySEC Approves Change Of Control As Klips CY Ltd Rebrands To VSMARKETS LTD After Acquisition By Andrey Stoychev

CEO of VS Capital, Andrey Stoychev, has completed the acquisition of Cyprus investment firm Klips CY Ltd following a change of control approved by the Cyprus Securities and Exchange Commission (CySEC), with the entity now rebranded as VSMARKETS LTD.

The CySEC-regulated firm will retain its existing cross-border permissions to provide investment and ancillary services to EU member states under the MiFID II framework, enabling it to continue servicing European clients.

Andrey Stoychev, CEO, VS Capital and VS Markets

Mr. Stoychev said regulation and transparency sit at the centre of the firm’s long-term strategy.

“Being EU-regulated is important not only in terms of growth, but also in terms of establishing a trusted brand operating under a respected European regulator. This milestone demonstrates commitment to multi-jurisdictional governance, transparency, and the responsible scaling of our business.”

— Andrey Stoychev

He added that the company views EU authorisation as more than a route to market access:

“Operating under a European regulatory framework is not simply about access — it is about aligning our business with the strongest regulatory standards and investor protection. It provides an opportunity to establish key partnerships with large institutions that operate under the same strict regulatory framework and view EU regulation as a minimum standard for collaboration.”

— Andrey Stoychev

Mr. Stoychev also referred to the change of control process and CySEC’s supervisory approach:

“Going through the change of control, I witnessed first-hand regulator’s commitment to the outstanding supervisory standards – high entry threshold contributes to a stable and respected market environment, and we are eager to build our presence.”

— Andrey Stoychev

Following the completion of the acquisition and rebrand, the CySEC-regulated investment firm VSMARKETS LTD will continue operating within the EU under MiFID II, maintaining its existing cross-border service arrangements to member states.

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