Circular C517 (“the Circular”) dated 15/06/2022 regarding EU Council’s Restrictive Measures against Russia due to its military aggression against Ukraine – EU adopts sixth package of sanctions under COUNCIL REGULATION (EU) 2022/879 of 3 June 2022, amending Regulation (EU) No 833/2014. In light of Circulars C489, C501 and C511, CySEC wishes to draw the attention of the Regulated Entities[1]to the additional restrictive measures of the...Read More
Circular C514 (“the Circular”) dated 20/05/2022 regarding CIF’s New Form CA (‘Country Analysis’ Form), for the provision of Investment Services and Activities per country. In light of the section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (the ‘CySEC Law’), CySEC wishes to inform all Cyprus Investment Firms (the ‘CIFs’) of the New Form CA (‘Country Analysis” Form). The Form will be...Read More
Circular C513 (“the Circular”) dated 19/05/2022 regarding CIF’s on-going monitoring of their prudential requirements under Regulation (EU) 2019/2033 (Investment Firms Regulation ‘IFR’). In light of the Prudential Supervision of Investment Firms Law of 2021 (the “Law”), CySEC wishes to remind all Cyprus Investment Firms (the ‘CIFs’) of the necessary steps they must take when they no longer meet their own funds requirements and/or concentration limits,...Read More
Circular C507 (“the Circular”) dated 05/05/2022 regarding EBA Guidelines on sound remuneration policies under Directive (EU) 2019/2034 (the “IFD”) In light of the Prudential Supervision of Investment Firms Law of 2021 (the “Law”), CySEC wishes to remind Cyprus Investment Firms (CIFs) that the European Banking Authority (EBA) has published the Guidelines on sound remuneration policies (the “Remuneration Policy Guidelines”) under Directive (EU) 2019/2034 (the “IFD”)....Read More
We wish to inform you on the latest Circular C488 issued by CySEC on EU Council’s Restrictive Measures and other sanctions against Russia in response to the crisis in Ukraine. With respect to the targeted restrictive measures and/or any other additional Restrictive Measures/Sanctions which may be imposed in the future against Russia in response to the crisis in Ukraine, all Regulated Entities are required to...Read More
