Date: 27 November 2020 Circular: CySEC CIRCULAR: C418 Scope: Cyprus Investment Firms CySEC released a new circular in regards to enhancing the procedures regarding safeguarding of client funds held by CIFs. The procedures are outlined below. Α. Regulatory framework According to section 17 (9) of the Investment Services and Activities and Regulated Markets Law of 2017 Law (‘the Law’) “A CIF must, when holding funds belonging to...Read More
Professional Training Certification, 3rd July 2020 MNK RISK CONSULTING LTD has been certified by the Cyprus Human Resources Development Authority (ANAD) as a Vocational Training Center (no. K000781). Our Company offers ANAD-subsidised continuous professional development courses to bankers, asset managers, portfolio managers, brokers, dealers, compliance and AML officers, risk managers and other professionals in the financial sector. In additional to open courses we also offer...Read More
CySEC issued an announcement on the 24th March 2020 regarding the postponement of all certification examinations, due to the confirmed cases of the COVID-19 in Cyprus. The certification examinations are postponed until the 30th April 2020. Candidates already registered for the exams shall be informed at a later stage of the new exam dates. Re CySEC Certification and AML Exam please note: Persons who have...Read More
In the light of the recent corona virus spread developments, MNK RISK CONSULTING Ltd would like to assure you that we are taking all necessary measures to ensure business continuity and the timely submission of your regulatory deliverables. Your regulatory compliance is our priority. We offer uninterrupted service through video conference meetings and conf calls, remote support via email correspondence and other social distancing measures...Read More
Cyprus Securities and Exchange Commission (CySEC) issued on the 5th March 2020 the Quarterly Statistical Publication for Management Companies and Undertakings of Collective Investments (UCIs) which provides CySEC’s key findings regarding the Collective Investments Sector in Cyprus. Based on the statistics, the total Assets under Management (AuM) for the 4th quarter of 2019 amounted to € 8.3 billion, an increase of 8% compared to the...Read More
