Relevant to: Regulated Entities[1]Circular C613 (“the Circular”) dated 05/01/2024 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (‘the CySEC Law’). Through Circular C613, CySEC wishes to inform Regulated Entities for the obligation to submit the Quarterly Statistics Form. The key takeaways from CySEC’s C613 circular can be found below: A new version of the form, QST-MC Version 21 (‘the Form’),...Read More
Relevant to: Cyprus Investment Firms (CIFs)Circular C612 (“the Circular”) dated 22/12/2023 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (‘the CySEC Law’). Through Circular C612, CySEC wishes to inform to inform all CIFs that ESMA on the launch of the exercise for the collection of data regarding cross border activity of investment firms for the year 2023. This...Read More
Relevant to: Cyprus Investment Firms (‘CIFs’)Circular C611 (“the Circular”) dated 22/12/2023 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (the ‘CySEC Law’). Through Circular C611, CySEC wishes to inform all CIFs for the obligation to submit the Quarterly Statistics Form. The key takeaways from CySEC’s C611 circular can be found below: The latest version of the Form QST-CIF, Version...Read More
DECEMBER 9 2023. The EU becomes the very first continent to set clear rules for the use of AI. The AI Act shall facilitate EU start-ups and researchers to lead the global AI race. EU legislators agreed on a two-tier approach, with (1) transparency requirements for all general-purpose AI models (such as ChatGPT) and (2) stronger requirements for powerful models with systemic impacts across the...Read More
