Through the Circular, CySEC informs the CIFs that following Circular C204 issued on 04.05.17 and after taking into consideration the requests made by a number of CIFs, the submission deadline for the information requested via Circular C204 is extended to 31.07.17. CySEC’s expects that: All the information requested by CySEC via Paragraph 2 of Circular...Read More

Through the Circular, CySEC informs the Regulated Entities that the Joint Committee of the three ESAs, published on 26.06.17 its final guidelines on AML and CFT (the “guidelines”). These guidelines: are essential to the European Union’s fight against ML/TF, as they set clear, regulatory expectations of the way credit and financial institutions should discharge important...Read More

Through the Circular, CySEC informs the Regulated Entities that CIFs that provide investment services relating to Financial Contracts for Difference (CFDs) and rolling-spot foreign exchange (Forex) with a leverage greater than 10:1, or Binary Options to Retail Clients, through branch or cross border, in the territory of the Spanish Regulator, the Comisión Nacional del Mercado...Read More

Through the Circular, CySEC informs the Regulated Entities regarding the Q & A published by the EBA regarding the ‘Country-by-country reporting’ requirements as set in Part II, Section 2, Paragraph 18 of Directive DI144-2014-14, for the Prudential supervision of investment firms, which represents the transposition of Article 89 of the Directive 2013/36/EU of the EU...Read More

Through the Circular, CySEC informs the CIFs and the persons who effectively direct the business of CIF of the obligations provided in Article 32 of the Investment Services and Activities and Regulated Markets Law, as amended (‘the Law’), which include: “(1) A CIF must notify the Commission, along with all information needed to assess whether...Read More

Through the Circular, CySEC informs the Regulated Entities that the Joint Committee of the three ESAs, launched on 31.05.17 a public consultation on draft RTS specifying how credit and financial institutions should manage ML and TF risks where a third country’s law prevents, the implementation in their branches or majority-owned subsidiaries of group-wide policies and...Read More

Through the Circular, CySEC informs the Regulated Entities that they are legally obliged to notify to the Commissioner of the Protection of Personal Data (the “Commissioner”), by 30.04.17, the information provided in article 7 of the Law regarding the processing of personal data. Particularly: The Law applies to any processing of personal data which form...Read More

Dr Marios Kyriacou  presents at the prominent IRMC 2015 annual risk event held in Luxembourg, providing constructive criticism on the Standardised Approach stipulated in Basel 2 and Basel 3, and proposing more risk sensitive yet not data-demanding approaches to the regulatory community, banks and investment firms for measuring credit and counterparty risk. Following stiff competition the proposal is selected for presentation and publication to the conference...Read More

We would like to draw your attention to Circular C204, that was issued by CySEC on 04.05.17, regarding the regarding the freedom to provide investment and ancillary services and / or perform investment activities in a third country. The Circular was issued in continuance to the provisions of Circular C192. CySEC, in the context of...Read More

Through the Circular, CySEC aims to inform the Regulated Entities that provide investment services relating to financial contracts for difference (CFDs) and other complex and speculative products such as Binary Options and Foreign Exchange Contracts to Retail clients, through branch or cross border, in the territory of France. CySEC draws the attention to the new...Read More