By

admin
The Council Directive 2018/822/EU of 25 May 2018 (“DAC6” or the “Directive”) on mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements, imposes mandatory disclosure requirements for certain arrangements with an EU cross-border element where the arrangements fall within certain “hallmarks”. In accordance with the DAC6, intermediaries have...
Read More
RE:         CySEC Circular C417 Scope: Cyprus Investment Firms The Cyprus Securities and Exchange Commission (the ‘CySEC’) on the 25th of November 2020 provided guidance to Cyprus Investment Firms (‘CIFs’) on issues relating to crypto assets through circular C417 (the “Circular”). The Circular addresses the prudential treatment of crypto assets and financial instruments relating to...
Read More
Date:                     27 November 2020 Circular:               CySEC CIRCULAR: C418 Scope:                  Cyprus Investment Firms CySEC released a new circular in regards to enhancing the procedures regarding safeguarding of client funds held by CIFs. The procedures are outlined below. Α. Regulatory framework According to section 17 (9) of the Investment Services and Activities and Regulated Markets Law of 2017 Law...
Read More
Subject: EBA Roadmap on Investment Firms regarding the implementation of the NEW Investment Firms Regulation (IFR) and Investment Firms Directive (IFD) entering into force from June 2021. Background Information on the NEW IFR/IFD Prudential Framework The EU’s new IFR/IFD framework[1] entered into force in December 2019 and will be applicable for all EU Investment Firms...
Read More
 Date: 5th August 2020 The United Kingdom (“UK”) formally left the European Union (“EU”) on the 1st of February 2020. Currently, a transition period is in place until the 31st of December 2020, during which all EU rules and laws will continue to apply to the UK. The UK and the EU are negotiating their...
Read More
Brexit: Implications for Asset Managers Date: 30th July 2020 The United Kingdom (“UK”) as of the 1st February 2020, has officially withdrawn from the European Union (“EU”). Currently, EU Law still applies in its entirety to the UK. However, by the end of the year 2020 (the “transition period”) the EU and the UK shall...
Read More
Professional Training Certification, 3rd July 2020 MNK RISK CONSULTING LTD has been certified by the Cyprus Human Resources Development Authority (ANAD) as a Vocational Training Center (no. K000781). Our Company offers ANAD-subsidised continuous professional development courses to bankers, asset managers, portfolio managers, brokers, dealers, compliance and AML officers, risk managers and other professionals in the...
Read More
Date: 2nd July 2020 Subject: Circular C392 (“the Circular”) dated 23.06.20 regarding the Risk Based Supervision Framework (‘RBS-F’) – electronic submission of information for 2019. To whom it concerns: Alternative Investment Funds (AIFs) and Alternative Investment Funds with Limited Number of Persons (AIFLNPs); Alternative Investment Fund Managers (AIFMs); UCITS and UCITS Management Companies. CySEC through...
Read More
In light of the ‘New prudential framework for investment firms’, and the related Practical Guide issued by CySEC on March 6, 2020, the European Banking Authority (“EBA”) has a mandate to develop the ‘new’ reporting requirements for IFs, in terms of own funds, levels of minimum capital, concentration risk, liquidity requirements, level of activity in...
Read More
CySEC issued an announcement on the 24th March 2020 regarding the postponement of all certification examinations, due to the confirmed cases of the COVID-19 in Cyprus. The certification examinations are postponed until the 30th April 2020. Candidates already registered for the exams shall be informed at a later stage of the new exam dates. Re...
Read More
1 2 3 11

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