Relevant to: Regulated Entities[1]Circular C627 (“the Circular”) dated 03/04/2024 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (‘the CySEC Law’). Through Circular C627, CySEC wishes to inform Regulated Entities for the obligation to submit the Quarterly Statistics Form. The key takeaways from CySEC’s C627 circular can be found below: A...Read More
CIFs under Cyprus Securities and Exchange Commission (CySEC) REPORTING OBLIGATIONS CALENDAR 2024 The reporting obligations deadlines may be altered upon CySEC’s decisions throughout the year.Read More
Relevant to: Regulated Entities[1]Circular C613 (“the Circular”) dated 05/01/2024 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (‘the CySEC Law’). Through Circular C613, CySEC wishes to inform Regulated Entities for the obligation to submit the Quarterly Statistics Form. The key takeaways from CySEC’s C613 circular can be found below: A...Read More
Relevant to: Cyprus Investment Firms (CIFs)Circular C612 (“the Circular”) dated 22/12/2023 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (‘the CySEC Law’). Through Circular C612, CySEC wishes to inform to inform all CIFs that ESMA on the launch of the exercise for the collection of data regarding cross...Read More
Relevant to: Cyprus Investment Firms (‘CIFs’)Circular C611 (“the Circular”) dated 22/12/2023 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (the ‘CySEC Law’). Through Circular C611, CySEC wishes to inform all CIFs for the obligation to submit the Quarterly Statistics Form. The key takeaways from CySEC’s C611 circular can be...Read More
DECEMBER 9 2023. The EU becomes the very first continent to set clear rules for the use of AI. The AI Act shall facilitate EU start-ups and researchers to lead the global AI race. EU legislators agreed on a two-tier approach, with (1) transparency requirements for all general-purpose AI models (such as ChatGPT) and (2)...Read More
UK Investment advisers will be soon required by Financial Conduct Authority to set aside money to cover the cost of potential redress schemes that would ensure the “polluter pays” when consumers are harmed. The Financial Conduct Authority (FCA) wants the financial advice market to make sure consumers can access the support they need from financially...Read More
The Central Bank of Cyprus (CBC) publishes today the release of the House Price Index (HPI) for the 2nd quarter of 2023. The quarterly bulletin, which includes a review of index results and developments in the housing market, as well as relevant time series, is available on the CBC’s website.Click here. For more information on the...Read More
Businesses are taking steps to boost their geopolitical expertise to help with increasingly delicate judgments on target markets and supply chains. While some are using specialist consultancies others, such as Hitachi and Lazard, have been hiring former diplomats, civil servants and politicians to provide advice. Lord Malloch Brown, an ex-diplomat and president of the Open...Read More
