Details CySEC Circulars C026 and C027, EU Regulation 2016/1702 and other regulatory developments on risk related matters What are the key risks an Investment Firm, a Fund or a Payment Institution are exposed to? Can these risks be managed effectively and how? Capital requirements EU directive and regulation (CRD, CRR) Capital adequacy calculation under CRR...Read More

Details MiFID II and Other CySEC Regulatory Developments Client Due Diligence (CDD) Ö Know-your-client (KYC) Client Acceptance Policy (CAP) Appropriateness Assessment & Suitability test Guidelines for investment firms on the Compliance Function EMIR & FATCA & CRS reporting obligations Instructor: Mr. Constantinos Demetriou When & Where June 22, 2017 (8:30 am) – June 22, 2017...Read More

Details What is the EU 4th AML directive? What you need to know and how to prepare? Risk based AML approach AML risk assessment: how to implement? Developing a risk based and dynamic customer categorisation procedure Instructor: Mr. Constantinos Demetriou Instructor: Mr. Constantinos Papanastasiou When & Where June 23, 2017 (8:30 am) – June 23,...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for Asset Managers Date: 30th July 2020 The United Kingdom (“UK”) as of the 1st February 2020, has officially withdrawn from the European Union (“EU”).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