AI compute refers to the specialized hardware resources—primarily GPUs, TPUs, and custom accelerators—and supporting infrastructure required to train, tune, and run artificial intelligence models. The Core Components are Hardware Accelerators, Storage & Networking, Data Center Power. Hardware Accelerators: Chips like Nvidia GPUs or Google TPUs designed for massively parallel mathematical processing. Storage & Networking: High-speed, low-latency infrastructure that moves massive...Read More
Scope: Cyprus Investment Firms (CIFs) Summary: CySEC issued Circular C801 to inform Cyprus Investment Firms (CIFs) that ESMA published Q&A 2785 (21 September 2026) confirming that under Article 16(9) of MiFID II, investment firms are NOT permitted to retain interest earned on client funds deposited with credit institutions. The European Commission clarified that the obligation...Read More
Scope: Crypto Asset Service Providers (CASPs) Cyprus Investment Firms (CIFs) UCITS Management Companies Internally Managed UCITS AIFMs Internally Managed AIFs Internally Managed AIFLNPs Companies with sole purpose the management of AIFLNPs Small AIFMs under Law 81(I)/2020 Summary: CySEC issued Circular C790 highlighting the end of the Markets in Crypto-Assets Regulation (MiCAR) transitional period on 1...Read More
High concentration in stock markets and national security concerns send SWFs to private credit and infrastructure Surging levels of concentration in equity markets are pushing cash-laden sovereign wealth funds into unlisted assets such as private equity, private credit and infrastructure. The switch is the latest demonstration of how the rapid expansion of AI is reshaping financial markets,...Read More
Ireland believes it can secure a deal to deepen Europe’s capital markets by the year-end, Taoiseach Micheál Martin has told the FT, overcoming decade-old EU divisions in an attempt to mobilise trillions of euros in savings into productive investments. The so-called savings and investment union has been pitched as a groundbreaking overhaul to integrate the...Read More
Scope: • Cyprus Investment Firms (CIFs) • Central Securities Depositories • Trading Venues • Crypto-Asset Service Providers (CASPs) • Alternative Investment Fund Managers (AIFMs) • UCITS Management Companies Summary: On 10/06/2026 CySEC published a Circular on DORA ICT Incident Reporting , focussing on (a) Major ICT-Related Incidents and (b) Significant Cyber Threats (Version 1.3) The...Read More
(CBC Directive 29 May 2026 , Κ.Δ.Π. 245/2026) Scope: • Licensed Electronic Money Institutions (EMIs) • Payment Service Providers (where EMI-licensed) • Directors and Senior Management of EMIs • Compliance Officers of EMIs • Shareholders and investors in Cyprus-regulated EMIs Summary: CBC published the Internal Organisation and Governance of Electronic Money Institutions Directive of 2026...Read More
ESMA Guidelines mandate the selection of at least two appropriate Liquidity Management Tools (LMTs) per investment fund, and aim to enhance fund resilience, ensure appropriate LMT calibration aligned to investment strategy and redemption policy, and promote investor protection by mitigating liquidity mismatches. New provisions under Directive (EU) 2024/927 also allow suspension of subscriptions/redemption and activation...Read More
To: Investment Management Companies and Self-Managed Investment Funds (AIFMs, Small AIFMs, int managed AIFs, AIFLNPs, UCITSMs, int managed UCITS) Re: New version of the form, QST-MC Version 25 on Quarterly Statistics, as of Q1 2026 Submission KEY POINTS The New Form has been revised to simplify the reporting process and improve clarity. Several related sections...Read More
