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
Following Circular C115 relating to EMIR, CySEC informs the Cypriot Investment Firms, UCITS and Management Companies, AIFs managed by AIFMs and Non-Financial Counterparties (“the Regulated Entities”), on the amendments made in the EU regulatory framework regarding EMIR; particularly in respect of the: Clearing obligation A number of delegated regulations were published by the EU Commission (“the Commission”) in the past which determine the classes of...Read More
Through the Circular, CySEC reminds the Cypriot Investment Firms (“CIFs”) regarding EBA’s Guidelines EBA/GL/2015/22 issued on 27.06.16 on sound remuneration policies. These Guidelines apply since 01.01.17 and fulfil the following purpose: They fulfil the mandate given to EBA under Articles 74(3) and 75(2) of Directive 2013/36/EU (“the Directive”) on access to the activity of credit institutions and the prudential supervision of credit institutions and investment...Read More
