Circular C537 (“the Circular”) dated 30/11/2022 introduces the New Form CBRT-CIF, Freedom to Provide Investment Services and Activities (Cross Border Activity) CySEC has released a new reporting obligation for CIFs, Form CBRT-CIF (‘the Form’), for the collection of data regarding the CIFs’ cross border provision of services to their retail clients (and clients treated as...
Read More
Circular C534 (“the Circular”) dated 29/11/2022 replaces Circular 256 in relation to the provision of investment and ancillary services and/or performance of investment activities in third countries Through Circular C534, CySEC wishes to inform the Cyprus Investment Firms (‘CIFs’) of its decision to replace Circular C256, regarding the provision of investment and ancillary services and/or...
Read More
On the 24th of November 2022, the association of Annual Financial Market Forum (AFMF) held the 1st annual forum at Amara hotel where a member of the MNK Risk Consulting Compliance team participated in the discussion panel.
Read More
Two of the leading US investment houses, Goldman Sachs and Morgan Stanley, have slightly different views on Europe regarding the recession, interest rates and inflation. More specifically, for the European region, Goldman Sachs expects a moderate recession as early as the second half of this year, due to the ongoing significant disruptions in gas supply...
Read More
ECB’s Christine Lagarde, announced on September 8th, 2022 the largest historical increase in interest rates in the euro area by 75 basis points, and the intention of the supervisory authority to proceed with a new increase in interest rates, during the immediately following meetings of its Board of Directors. One of the coming ECB meetings...
Read More
Credit rating agency S&P has revised upwards its long-term issuer credit rating on the Bank of Cyprus-BoC to ‘BB-‘from ‘B+’, as a result of improvements in the bank’s asset quality and a reduction in credit risk, allowing the bank to face a harsher economic climate with more resilience. The BoC credit rating upgrade follows last...
Read More
Circular C528 (“the Circular”) dated 02/09/2022 wishes to remind all CySEC regulated Variable Capital Investment Companies of the actions to be taken in relation to the amendment of their Constitutional Documents The Cyprus Securities and Exchange Commission (the ‘CySEC’) wishes to remind all regulated Variable Capital Investment Companies, including: Alternative Investment Fund Managers (‘AIFMs’);UCITS Management...
Read More
Circular C526 (“the Circular”) dated 10/08/2022 introduces the Common weaknesses identified during the review of the Recovery Plans (Form 20-01) submitted by CIFs which qualify for the simplified Recovery Plans. The Cyprus Securities and Exchange Commission (the ‘CySEC’) wishes to inform the Cyprus Investment Firms[1] (the ‘CIFs’) which fulfil the criteria of par. 4 of...
Read More
Circular C518 (“the Circular”) dated 22/06/2022 introduces the Prudential Form 165-03 ‘Prudential Supervision Information’ and Prudential Form 165-04 ‘Application form for prudential permissions’. The Cyprus Securities and Exchange Commission (the ‘CySEC’) wishes to inform the Cyprus Investment Firms (the ‘CIFs’) about the introduction of the new Prudential Forms 165-03 and 165-04 and the need for...
Read More
Circular C517 (“the Circular”) dated 15/06/2022 regarding EU Council’s Restrictive Measures against Russia due to its military aggression against Ukraine – EU adopts sixth package of sanctions under COUNCIL REGULATION (EU) 2022/879 of 3 June 2022, amending Regulation (EU) No 833/2014. In light of Circulars C489, C501 and C511, CySEC wishes to draw the attention...
Read More
1 2 3 17

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

In order to use this website we use the following technically required cookies
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services