Category

Regulatory Developments
We would like to draw your attention to CySEC’s Circular C189 (“the Circular”) dated 22.02.17. Through the Circular, CySEC informs the Regulated Entities that, in carrying out a risk-based assessment of the AMLCOs’ Annual Reports and the Internal Auditors’ Annual Reports on the Prevention of Money Laundering and Terrorist Financing for the year 2015 and...
Read More
We would like to draw your attention to CySEC’s Circular C191 (“the Circular”) dated 01.03.17, regarding the Regulated Entities’ compliance with reporting and other obligations, through which CySEC informs the Regulated Entities that: 1.From the date of authorisation and / or taking up duties (where this is applicable, e.g. for companies with sole purpose the management of AIFLNPs), and not from the...
Read More
We would like to draw your attention to CySEC’s Circular C192 (“the Circular”) dated 03.03.17, regarding the freedom to provide investment and ancillary services and / or perform investment activities in a third country. Cyprus Investment Firms (CIFs) may provide / perform investment services / activities in the territories of third countries only when they...
Read More
We would like to draw your attention to CySEC Announcement dated 20.02.17 regarding the Amending Directive R.A.D 22/2017 to Directive R.A.D. 174/2015, which is now published as a Consolidated Directive 2017 (“the Directive”). The purpose of the Amending Directive R.A.D. 22/2017 is: Any deleted from the Public Register person, due to failure to renew its...
Read More
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
    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
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
1 12 13 14