We would like to draw your attention to Consultation Paper CP (2016-10) (hereafter “the Consultation Paper”) issued by the Cyprus Securities and Exchange Commission (“CySEC”) on 27 October 2016 regarding a proposed Circular on the requirements for the safeguarding of clients’ funds. The Consultation Paper will be addressed to all Cyprus Investment Firms (hereafter the “CIFs”) and the main points outlined therein relate to the...Read More
We would like to bring your attention to the proposed amendments to the AIF Law and the AIFM Law set out in the Consultation Paper CP(2016-03) circulated by the Cyprus Securities and Exchange Commission on the 22nd of April 2016. 1.Introduction of a new AIF type: Registered Alternative Investment Funds Registered AIFs may operate as open or closed-ended AIFs taking the following legal...Read More
The risks associated with business models and profitability, credit risk, capital adequacy, data quality and liquidity are the five priority areas for the supervision of credit institutions in the Euro area in 2016, according to the Single Supervisory Mechanism (SSM), the ECB’s watchdog, who plans to initiate a series of regulatory initiatives in each of these key areas. Other secondary risks that continue to attract high...Read More
