Background

At TIOmarkets Ltd, we have been closely following and monitoring the impact that Covid-19 has had on financial markets across the globe in addition to organisational disruption.

In light of the widespread impact combined with the fast-growing spread of the virus, it is now certain that Covid-19 will impact our company to some level.

Our priority is the health and safety of our team whilst minimising disruption to our services and those of our clients.

Relevant Information

Whilst there is extensive media coverage, it is important to be able to distinguish fact from fiction. Refer to verified governmental sources for your information instead of tabloid press or social media:

  1. https://www.pio.gov.cy/coronavirus/info.html
  2. https://www.moh.gov.cy/moh/moh.nsf/All/0D5A0919CACA4BF8C225851B003E098C
  3. https://www.who.int/emergencies/novel-coronavirus-2019 

Risk Mitigation and Contingency Plan

We are now putting into place our Risk Mitigation and Contingency Plan, also taking into consideration the Cyprus Securities & Exchange Commission’s Circular Number C358 issued on 6th March 2020 regarding Covid-19, which will be enforced commencing today as the needs arise.

1. Our systems are being readied to enable all of our staff to work from home in the event that the quarantine measures are expanded, and schools are closed. Staff who have children will be able to continue their operations from home while other members of staff can remain in the office.

2. In the event that the quarantine measures are expanded even further, or any member of staff is diagnosed with Covid-19, staff may be required to work remotely from home. Our systems are equipped to ensure full access while maintaining security and data protection as is required by our own policies and the E.U. General Data Protection Regulations of 2018.

3. We will increase communication with all our clients and associates to ensure that we can support operations and minimise disruption as much as possible.

4. We are postponing all our workshops and training until further notice.

5. We are postponing all personal and business travel until further notice.

6. We are postponing all attendances at conferences and large gatherings until further notice.


We strongly recommend that our traders consider their own risk mitigation plans to ensure that they are equipped to handle the progression of Covid-19’s impact. 

Last updated 10th March 2020

TIO Staff
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