Through the Circular, CySEC wishes to inform the Regulated Entities about the following: The FATF Guidance focuses on risk-based approach (“RBA”) for the securities sector, it takes into account the experience gained by the public authorities and the private sector over the years and includes an annex on suspicious activity indicators in relation to securities. The purpose of FATF Guidance is to outline the key...Read More
Further to Circular C210 dated 17.05.17, CySEC informs Cypriot Investment Firms (“CIFs”) regarding the abovementioned subject with particular emphasis to the below: CIFs must include relevant warnings as advised in Circulars C210 and C248, on the homepage of their website and not relegate any warning to other part of their website with less direct access. The language in which the warnings are written, for those...Read More
Through the Circular, CySEC wishes to inform Cyprus Investment Firms (“CIFs”) regarding the following: EBA issued an opinion on the design and calibration of a new prudential framework for Investment Firms dated 29.09.17 (“the Opinion”), that is specifically tailored to the needs of Investment Firms’ different business models and inherent risks; EBA has developed the Opinion in response to EU Commission’s call for advice on...Read More
Further to C237 and C238, CySEC wishes to inform Cyprus Investment Firms (“CIFs”), Credit Institutions, Market operators of Trading Venues (“TVs”), Approved Reporting Mechanisms (“ARM”) (“the Reporting Entities”) and Issuers that, ESMA issued a Public Statement dated 09.10.17 regarding a Briefing on the LEI. The briefing is part of ESMA’s efforts to raise industry awareness and facilitate compliance with the LEI requirements under the (EU)...Read More
Through the Circular, CySEC informs CIFs regarding the provision of services on virtual currencies and / or on CFDs relating to virtual currencies. At the moment there is no specific EU regulatory framework governing the trading on virtual currencies and / or trading on CFDs relating to virtual currencies. In addition, there is no official position from EU authorities / bodies (ESMA etc) determining whether...Read More
