CySEC issued on 6th of April 2020 Circular C375, following ESMA’s public statements regarding the application of MiFID II / MiFIR requirements due to the outbreak of COVID-19, and adopted the recommendations of the below mentioned public statements. These public statements are...
Due to the outbreak of the coronavirus (COVID-19) in Cyprus, CySEC recognised that this may prevent a number of CIFs from submitting relevant reports/notifications to CySEC within the required timeframes. Therefore, CySEC issued Circular C373 and extended the deadlines for the...
The Cyprus Securities and Exchange Commission (“the CySEC”) on 17th of December 2019, announced the introduction of ‘AML Compliance Officer’ exams which will take place starting from 4th of February 2020. All interested persons can submit an application to take the exam...
CySEC on September 27th 2019, published its National Product Intervention Measures (“NPIMs”) in relation to the marketing, distribution and sale of Contracts For Differences (“CFDs”) by issuing Directive DI87-09. The measures proposed by CySEC under CP-02-2019 were largely...
The European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, has published a statement on 12 July 2019, addressed to providers marketing, distributing or selling contracts for differences (CFDs) to retail clients. The statement is in response to...
Cyprus Securities and Exchange Commission (CySEC) with the publication of Circular C326, introduced additional reporting obligations to CIFs and requested relevant information to facilitate its supervisory role in regards to: the assessment of Internal Capital Adequacy Assessment...
On 21-23 May 2019 FiveComply attended the iFXExpo International Conference that took place in Limassol, Cyprus. It was a great networking and educational event that gave us the chance to showcase our services to a global audience. The event was a great success with our team...