Through the Circular, CySEC informs the Regulated Entities regarding the Q & A published by the EBA regarding the ‘Country-by-country reporting’ requirements as set in Part II, Section 2, Paragraph 18 of Directive DI144-2014-14, for the Prudential supervision of investment firms, which represents the transposition of Article 89 of the Directive 2013/36/EU of the EU Parliament and of the Council of 26.06.13. The said Q...Read More
Through the Circular, CySEC informs the Regulated Entities that the Joint Committee of the three ESAs, launched on 31.05.17 a public consultation on draft RTS specifying how credit and financial institutions should manage ML and TF risks where a third country’s law prevents, the implementation in their branches or majority-owned subsidiaries of group-wide policies and procedures on anti-ML and countering TF. The said RTS have...Read More
Through the Circular, CySEC informs the CIFs and the persons who effectively direct the business of CIF of the obligations provided in Article 32 of the Investment Services and Activities and Regulated Markets Law, as amended (‘the Law’), which include: “(1) A CIF must notify the Commission, along with all information needed to assess whether the new persons to be appointed are of sufficiently good...Read More
Through the Circular, CySEC informs the Regulated Entities that they are legally obliged to notify to the Commissioner of the Protection of Personal Data (the “Commissioner”), by 30.04.17, the information provided in article 7 of the Law regarding the processing of personal data. Particularly: The Law applies to any processing of personal data which form part of a filing system or are intended to form...Read More
We would like to draw your attention to Circular C204, that was issued by CySEC on 04.05.17, regarding the regarding the freedom to provide investment and ancillary services and / or perform investment activities in a third country. The Circular was issued in continuance to the provisions of Circular C192. CySEC, in the context of its supervisory powers, requests from CIFs the following: To assess...Read More
