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