Through the Circular, CySEC wishes to inform Cyprus Investment Firms (“CIFs”) regarding the following: EBA issued an opinion on the design and calibration of a new prudential framework for Investment Firms dated 29.09.17 (“the Opinion”), that is specifically tailored to the needs of Investment Firms’ different business models and inherent risks; EBA has developed the...Read More
Further to C237 and C238, CySEC wishes to inform Cyprus Investment Firms (“CIFs”), Credit Institutions, Market operators of Trading Venues (“TVs”), Approved Reporting Mechanisms (“ARM”) (“the Reporting Entities”) and Issuers that, ESMA issued a Public Statement dated 09.10.17 regarding a Briefing on the LEI. The briefing is part of ESMA’s efforts to raise industry awareness...Read More
Through the Circular, CySEC informs CIFs regarding the provision of services on virtual currencies and / or on CFDs relating to virtual currencies. At the moment there is no specific EU regulatory framework governing the trading on virtual currencies and / or trading on CFDs relating to virtual currencies. In addition, there is no official...Read More
Following Circular C115 relating to EMIR, CySEC informs the Cypriot Investment Firms, UCITS and Management Companies, AIFs managed by AIFMs and Non-Financial Counterparties (“the Regulated Entities”), on the amendments made in the EU regulatory framework regarding EMIR; particularly in respect of the: Clearing obligation A number of delegated regulations were published by the EU Commission...Read More
Through the Circular, CySEC reminds the Cypriot Investment Firms (“CIFs”) regarding EBA’s Guidelines EBA/GL/2015/22 issued on 27.06.16 on sound remuneration policies. These Guidelines apply since 01.01.17 and fulfil the following purpose: They fulfil the mandate given to EBA under Articles 74(3) and 75(2) of Directive 2013/36/EU (“the Directive”) on access to the activity of credit...Read More
Through the Circular, CySEC informs the Cypriot Investment Firms (“CIFs”) that provide investment and ancillary services and / or perform investment activities in accordance with Section 79 of Law144(I)/2007 in the territory of Latvian Regulator, the FCMC, regarding the following: Regulator’s legislation: Financial Instruments Market Law dated 01.11.17; Enforcement date: from 04.10.17 onwards; Restriction applicable: ...Read More
Further to the ESMA’s product intervention decision on CFDs and Binary Options, which was communicated by CySEC via an announcement dated 28.03.18, CySEC wishes to inform CIFs that the measures on CFDs and Binary Options have been published in the Official Journal of the European Union (OJ) on 01.01.18. The measures specified in ESMA PRESS...Read More
Through the Circular, CySEC informs the Reporting Entities [Cypriot Investment Firms (“CIFs”), Credit Institutions, Market operators of Trading Venues, Approved Reporting Mechanisms (“ARMs”)] regarding the new requirements in the Transaction Reporting regime, in line with Article 26 of Markets in Financial Instruments Regulation (“MiFIR”) EU No 600/2014; that will enter into force on 03.01.18. Under...Read More
Through the Circular, CySEC informs CIFs, UCITS MC, AIFMs (“the Reporting Entities”) on their obligations regarding product governance requirements, as provided in Law 87(I)/2017 (“the Law”) which transposes MiFID II, and in other documents issued pursuant to this. These requirements will enter into force on 03.01.18 aiming to: enhance the level of investor protection, through...Read More
Through the Circular, CySEC informs the Reporting Entities [Market Operators operating a Regulated Market (“RM”) or a Multilateral Trading Facility (“MTF”) or an Organised Trading Facility (“OTF”), or Cypriot Investment Firms (“CIFs”) operating an MTF or OTF, or CIFs acting as Systematic Internalisers (“Sis”)] regarding the new requirements for identifying reference data relating to financial...Read More
