Through the Circular, CySEC informs the Regulated Entities that further to Circulars C130, C140 and C141, CIFs shall be expected to report to CySEC on the likely implications that Brexit will have on their activities and services, including any suggestions for adopting immediate measures to eliminate their respective impact.
CySEC’s expects that: CIFs look at their business model structure, services and activities in order to consider and analyse the potential impact of a post-Brexit world. CIFs are requested to submit their anticipated Brexit impacts and respective remedial measures through CySEC’s web Portal as a free text by the end of business on 28th April 2017. The documents should have the following title: “C201 – The impact of the UK’s exit from the EU on the activities and services of Cyprus Investment Firms”.