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present Circular replaces the following Cyprus Securities and Exchange Commission (‘the Commission’) circulars that are no longer in effect: CI144-2012-01 30 January 2012 CI144-2012-22 14 December 2012 CI144-2013-26 03 October 2013...Read More
The definition of Affiliates includes: those third parties with whom a CIF may often engage across multiple jurisdictions, to promote the brand of the CIF online, use their website as a portal for displaying promotional and advertising content, host marketing material and direct web-traffic to the authorised CIF’s website, increase the online profile of the CIF through search engine optimisation and perform any other similar...Read More
Through the Circular, CySEC informs the CIFs that following Circular C204 issued on 04.05.17 and after taking into consideration the requests made by a number of CIFs, the submission deadline for the information requested via Circular C204 is extended to 31.07.17. CySEC’s expects that: All the information requested by CySEC via Paragraph 2 of Circular C204 shall be submitted to CySEC by 31.07.17.Read More
Through the Circular, CySEC informs the Regulated Entities that provide investment services relating to financial contracts for difference (CFDs) to Retail Clients, through branch or cross border, in the territory of the German Regulator, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). Regulator’s legislation: General Administrative Act regarding CFDs dated 08.05.17; Enforcement date: 10.08.17 (within 3 months from issuance on 08.05.17); Restriction applicable: Pursuant to Section 4b(1) of...Read More
