February 14, 2022
In light of the ‘New prudential framework for investment firms’ and the ‘The Investment Services Law’, CYSEC has replaced an earlier Circular C228 and redefined the threshold criteria that determine a significant CIF. The key takeaways from the CySEC’s latest circular are outlined below: Limitations on directorships and establishment of nomination/risk/remuneration committees for ‘Significant CIFs’:...
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