Relevant to: Regulated Entities1 Circular C601 (“the Circular”) dated 12/10/2023 is issued following EBA’s Guidelines on the use of Remote Customer Onboarding Solutions under Article 13(1) of Directive (EU) 2015/849. Through Circular C601, CySEC wishes to inform to inform the Regulated Entities that the EBA has published its Guidelines on the use of Remote Customer...Read More
Relevant to: Cyprus Investment Firms (‘CIFs’) Circular C599 (“the Circular”) dated 27/09/2023 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (the ‘CySEC Law’). Through Circular C599, CySEC wishes to inform all CIFs for the obligation to submit the Quarterly Statistics Form. The key takeaways from CySEC’s C599 circular can be...Read More
Relevant to: Regulated Entities[1]Circular C597 (“the Circular”) dated 28/09/2023 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (‘the CySEC Law’). Through Circular C597, CySEC wishes to inform Regulated Entities for the obligation to submit the Quarterly Statistics Form. The key takeaways from CySEC’s C597 circular can be found below:...Read More
Relevant to: Regulated Entities[1]Circular C596 (“the Circular”) dated 11/09/2023 informs the Regulated Entities regarding thetransfer of Russian securities to Russia (‘Forced Transfers’). Through Circular C596, CySEC wishes with this Circular to inform the Regulated Entities on the matter of ‘Forced Transfers’.The key takeaways from CySEC’s C596 circular can be found below: 1) According to Law 319-FZ, the...Read More
Relevant to: Investment Fund Managers1 Circular C594 (“the Circular”) dated 23/08/2023 informs Investment Fund Managers on ESMA’s Common Supervisory Action with national regulators on the sustainability risks. Through Circular C594, CySEC wishes to inform Investment Fund Managers that the European Securities and Markets Authority (ESMA) has launched the 2023 and 2024 Investment Fund Sector CSA...Read More
Relevant to: UK Crypto Asset Firms complying with the Travel Rule According to the United Kingdom’s Financial Conduct Authority (FCA), crypto asset firms operating in the UK will be required to comply with the Financial Action Task Force’s Travel Rule starting on Sept. 1, 2023. When the rule becomes effective, compliance with the rule is...Read More
Relevant to: Regulated Entities 1 Circular C577 (“the Circular”) dated 06/06/2023 informs Regulated Entities on European Banking Authority’s (‘EBA’) public Consultation Paper on amendments to its Guidelines on money laundering and terrorist financing risk factors, to include crypto-asset service providers. Through Circular C577, CySEC wishes to inform Regulated Entities that EBA, on 31st May 2023,...Read More
Relevant to: Regulated Entities 1 Circular C579 (“the Circular”) dated 06/06/2023 informs Regulated Entities on ESMA Guidelines on certain aspects of the MIFID II suitability requirements. Through Circular C579, CySEC wishes to inform Regulated Entities that the European Securities and Markets Authority (ESMA) published, on April 4, 2023, the Guidelines on certain aspects of the...Read More
Relevant to: Regulated Entities 1 Circular C578 (“the Circular”) dated 06/06/2023 informs Regulated Entities on ESMA Guidelines on certain aspects of the MIFID II remuneration requirements. Through Circular C578, CySEC wishes to inform Regulated Entities that the European Securities and Markets Authority (ESMA) published, on April 3, 2023, the Guidelines on certain aspects of the...Read More
Relevant to: Regulated Entities1 Circular C573 (“the Circular”) dated 12/05/2023 informs Regulated Entities about the Risk-Based Supervision Framework and the Electronic submission of information for the year 2022. Through Circular C573, CySEC wishes to inform Regulated Entities about the new version of the Annual Form, RBSF-MC Version 6 (‘the Form’), which can be found in...Read More