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 not to use client funds for the firm’s own account...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 July 2026. From this date, firms must be authorised as...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 European Supervisory Authorities (ESAs) have released Version 1.3 (V1.3) of...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 (Κ.Δ.Π. 245/2026) in the Official Gazette on 29 May 2026,...Read More
