Relevant to: Regulated Entities[1]Circular C596 (“the Circular”) dated 11/09/2023 informs the Regulated Entities regarding thetransfer of Russian securities to Russia (‘Forced Transfers’). Through Circular C596, CySEC wishes with this Circular to inform the Regulated Entities on the matter of ‘Forced Transfers’.The key takeaways from CySEC’s C596 circular can be found below: 1) According to Law 319-FZ, the owners of Russian issuers’ securities, or persons for whose benefit...Read More
Relevant to: Investment Fund Managers1 Circular C594 (“the Circular”) dated 23/08/2023 informs Investment Fund Managers on ESMA’s Common Supervisory Action with national regulators on the sustainability risks. Through Circular C594, CySEC wishes to inform Investment Fund Managers that the European Securities and Markets Authority (ESMA) has launched the 2023 and 2024 Investment Fund Sector CSA with National Competent Authorities (NCAs), on the sustainability-related disclosures and...Read More
Relevant to: UK Crypto Asset Firms complying with the Travel Rule According to the United Kingdom’s Financial Conduct Authority (FCA), crypto asset firms operating in the UK will be required to comply with the Financial Action Task Force’s Travel Rule starting on Sept. 1, 2023. When the rule becomes effective, compliance with the rule is still expected even when a crypto asset business uses a...Read More
Relevant to: Regulated Entities 1 Circular C577 (“the Circular”) dated 06/06/2023 informs Regulated Entities on European Banking Authority’s (‘EBA’) public Consultation Paper on amendments to its Guidelines on money laundering and terrorist financing risk factors, to include crypto-asset service providers. Through Circular C577, CySEC wishes to inform Regulated Entities that EBA, on 31st May 2023, launched a public consultation on amendments to its Guidelines on...Read More
Relevant to: Regulated Entities 1 Circular C579 (“the Circular”) dated 06/06/2023 informs Regulated Entities on ESMA Guidelines on certain aspects of the MIFID II suitability requirements. Through Circular C579, CySEC wishes to inform Regulated Entities that the European Securities and Markets Authority (ESMA) published, on April 4, 2023, the Guidelines on certain aspects of the MiFID II suitability requirements (the ‘Guidelines’), translated in all official...Read More
