Regulatory Developments

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 the Appendix. The key takeaways from CySEC’s C573 circular can...Read More

Relevant to: Cyprus Investment Firms (‘CIFs’) Circular C571 (“the Circular”) dated 02/05/2023 draws the attention to the EBA’s Guidelines on Information and Communication Technology (“ICT”) and security risk management and for certain actions to ensure compliance with the Guidelines. Through Circular 571, CySEC wishes to bring the attention of the CIFs the Guidelines on ICT and security risk management (the ‘Guidelines’). It is noted that...Read More

Relevant to: All Regulated Entities[1] Circular C567 (“the Circular”) dated 20/04/2023 informs Regulated Entities about the new Form, MPS (‘the Form’) which replaces the existing Form 144-08-11 for the prevention of money laundering and terrorist financing. Through Circular C567, CySEC wishes to inform all Regulated Entities that from May 2023 (Reporting for April 2023), the Form of the Monthly Prevention Statement (MPS) for AML/CFT purposes,...Read More

Relevant to: CAIFMs and AIFs[1] Circular C562 (“the Circular”) dated 04/04/2023 wishes to provide guidance to Cyprus Alternative Investment Fund Managers (“CAIFMs”) and AIFs, on key principles and concepts governing the EU AIFMD (Directive 2011/61/EU). Through Circular C562, CySEC wishes to provide guidance to CAIFMs and/or AIFs externally managed by CAIFMs in order to ensure better understanding and compliance with the single AIFM principle, the...Read More

Relevant to: Cyprus Investment Firms (‘CIFs’) Circular C563 (“the Circular”) dated 05/04/2023 informs all CIFs for the Risk Based Supervision Framework (the ‘RBS-F’) Form – Electronic submission of information for the year 2022 (Form RBSF-CIF). Through Circular C563, CySEC wishes to inform all CIFs that a new version of the Form RBSF-CIF (‘the Form’), Version 7, was issued. The key takeaways from CySEC’s C563 circular...Read More