Through the Circular, CySEC informs the Regulated Entities that the European Banking Authority (EBA) published on 14.12.16, the final Guidelines (EBA/GL/2016/11) on disclosure requirements under Part Eight of Regulation (EU) No 575/2013 of the EU Parliament and of the Council of 26.06.13 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012. The guidelines specify the form of guidance regarding...Read More
Through the Circular, CySEC informs the CIFs which freely provide investment services in accordance with Article 79 of Law 144(I)/2007 as amended (“the Law”), in the territory of Poland, regarding KNF’s new rules that entered into force on 29.04.17, regarding the persons that are allowed to provide such services. Particularly: Pursuant to article 79(2)(a) of the amended Polish Act of 29.07.15 on Trading in Financial...Read More
Please note that the Circular applies only to CIFs that: are licensed to perform the investment activity of paragraph 4, Part I of Annex III of the Law (Dealing on Own Account); and/or provide the investment service of paragraph 6, Part I of Annex III of the Law (underwriting and/or placing of financial instruments on a firm commitment basis). Through the Circular, CySEC informs the relevant...Read More
Through the Circular, CySEC informs the Regulated Entities that the Joint Committee of the three ESAs, launched on 05.04.17 a public consultation on draft Guidelines that set out: what payment service providers (“PSPs”) should do to detect and prevent the abuse of funds transfers for terrorist financing and money laundering purposes; and particularly what the intermediary PSPs and the PSPs of the payee should do...Read More
Through the Circular, CySEC informs the Regulated Entities that a new CIF Record Content has been established in replacement of the existing one that was submitted using XML files via the TRS System. The present Circular replaces the following Cyprus Securities and Exchange Commission (‘the Commission’) circulars that are no longer in effect: CI144-2012-01 30 January 2012 CI144-2012-22 14 December 2012 CI144-2013-26 03 October 2013...Read More
