The Government of Cyprus issued its first ever 15 year bond at 2.75%. The EUR 1bn Bond was oversubscribed more than 8 times! The Republic of Cyprus, successfully launched a first ever 15-year bond, due 26 February 2034, the longest in its history. The EUR1bn bond carries a coupon of 2.75%. Citi, Goldman Sachs and...Read More
Directive regarding Certified Persons and Certification Registers (R.A.D. 44/2019) 18th February 2019 CySEC has issued a Directive regarding certified persons and certification registers (R.A.D. 44/2019). The Directive determines and clarifies: The frequency, the content, the material and the way the CySEC examination is conducted; Any matter relating to the Certification Registers, the procedures for updating,...Read More
07.01.2019 Clearstream headlines “Clearstream has further expanded its Vestima offering by making Cyprus domiciled investment funds eligible for order routing, settlement and custody. International customers can use their Vestima setup to directly access Cyprus domiciled funds and benefit from the same streamlined handling as for other markets. With assets under management (AUM) having more than...Read More
Cyprus is now on the fund industry map. Clearstream shall include Cyprus in the fund market coverage list in December 2018. MNK Risk Consulting is actively promoting applications for Cyprus AIF and AIFMs. Contact us for more information.Read More
CySEC wishes to inform Regulated Entities that ESMA published on 01.10.17, Guidelines on transaction reporting, order record keeping and clock synchronisation under MiFID II (“the Guidelines”). The guidance is focused on the construction of Transaction Reports and of the order data records field by field for various scenarios that can occur. Given the wide range...Read More
CySEC wishes to inform the Regulated Entities of the following: The Joint Committee of the three European Supervisory Authorities (“ESAs”) (i.e. EBA, EIOPA and ESMA) published, on the 07.04.17, its final guidelines on the characteristics of a risk-based approach to AML and CFT supervision, and the steps to be taken when conducting supervision on a...Read More
CySEC has deployed a risk-based assessment of the AMLCOs’ and the Internal Auditors’ Annual Reports for the year 2016, that were submitted to CySEC in 2017. Having carried out these assessments, the following common and recurring weaknesses and deficiencies were identified: AMLCOs’ Annual Reports on the prevention of ML and TF and the relevant BoD...Read More
CySEC wishes to inform CIFs which intend to provide investment and ancillary services and/or perform investment activities in the territories of Third-Countries, of the following: Prior to providing/performing the above-mentioned services and activities in Third-Countries, CIFs must: notify CySEC via a letter of their intention to do so. The said letter should state for each...Read More
CySEC wishes to inform Market Operators and DRSPs that, the ESMA Guidelines on the management body of Market Operators and DRSPs have been adopted by CySEC. These guidelines clarify the requirements applicable to members of the management bodies of: National Competent Authorities; Market Operators; and DRSPs. CySEC’s expects that: Market Operators and DRSPs comply with...Read More
