We would like to draw your attention to Circular C181 (“the Circular”) issued by the Cyprus Securities and Exchange Commission (“CySEC”) on 2 February 2017, regarding the obligations of CIFs when providing information to clients on the services and instruments offered. In consideration of ESMA’s publication of the paper ESMA/2015/1886 – Guidelines for the assessment of knowledge and competence (“the Guidelines“)...Read More

We would like to draw your attention to Circular C162 issued by the Cyprus Securities and Exchange Commission (“CySEC”) on 10 October 2016 regarding the “Capital adequacy requirements – Change in the treatment of the Investors Compensation Fund Contribution’’. CySEC wishes to inform the Cyprus Investment Firms (“CIFs”) regarding the following: According to the Investment Services and...Read More

We would like to draw your attention to Consultation Paper CP (2016-10) (hereafter “the Consultation Paper”) issued by the Cyprus Securities and Exchange Commission (“CySEC”) on 27 October 2016 regarding a proposed Circular on the requirements for the safeguarding of clients’ funds. The Consultation Paper will be addressed to all Cyprus Investment Firms (hereafter the...Read More

Dr Marios Kyriacou published an article in the Cyprus Economic Policy Review Journal, July 2015 Issue, arguing that fixed income portfolio managers, investment firms and banks stand to gain over the longer term if they go beyond regulatory compliance and invest in the use of more risk sensitive and robust methodologies for measuring and managing...Read More

    We would like to bring your attention to the proposed amendments to the AIF Law and the AIFM Law set out in the Consultation Paper CP(2016-03) circulated by the Cyprus Securities and Exchange Commission on the 22nd of April 2016. 1.Introduction of a new AIF type: Registered Alternative Investment Funds Registered AIFs may...Read More

Marios Kyriacou published an article on cybercrime risk management in The Fintech Times, a City of London independent newspaper specialising in alternative finance and financial technology. To see the full article click The Fintech Times newspaper January 2016 issue here. For the newspaper online version click here.  Read More

The risks associated with business models and profitability, credit risk, capital adequacy, data quality and liquidity are the five priority areas for the supervision of credit institutions in the Euro area in 2016, according to the Single Supervisory Mechanism (SSM), the ECB’s watchdog, who plans to initiate a series of regulatory initiatives in each of these...Read More