Mr. Andrey Stoychev has finalized the acquisition of Klips CY Ltd, securing regulatory authorization under the supervision of the Cyprus Securities and Exchange Commission (CySEC). With the change of control approved by the regulator, Klips CY Ltd has now been rebranded asVSMARKETS LTD.VSMARKETS LTD will retain the existing Cross Border Services to Member States for the provision of investment and ancillary services and will continue to operate under the MiFID II regulatory framework to serve European clients. Mr. Andrey Stoychev, emphasized that regulation and transparency are key for the company’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.”He continued:“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.”Mr. Stoychev also noted his respect for the regulator and work done:“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.”With acquisition completed, VSMARKETS LTD (ex. Klips CY Ltd) becomes the latest brand under CySEC to service clients within EU, aligning its services with well-recognised investor protection and governance standards.This article was written by FM Contributors at www.financemagnates.com.