The Cyprus Securities and Exchange Commission through the issuance of Circular C518, has informed all CIF regulated entities of the new Prudential Supervision Forms: Prudential Form 165-03 ‘Prudential Supervision Information’ The Prudential Form 165-03 updates and replaces...
The FSC Mauritius has issued the FSC Rules to be implemented in connection to the Virtual Asset and Initial Token Offering Services (VAITOS) Act 2021; the FSC Rules have been open to the public for their comments, feedback and suggestions until the 15 of June 2022. Based on...
The Financial Services Authority of Seychelles has issued Circular no.6 of 2022 which makes reference to the new Financial Consumer Protection Act (FCPA) that came into force on 1st of May 2022. Securities Dealer Licensees are now obliged under Section 8 of the FCPA to...
On the 17th of June 2022, FATF issued its new list of countries with strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. More specifically, the changes from the previous list are the following: Malta was...
The Cyprus Securities and Exchange Commission (CySEC) has issued Circular C515 drawing the attention to Benchmark Administrators that the European Securities and Markets Authority (ESMA), has published the Guidelines on methodology, oversight function and record keeping under...
Following the letter sent to Cyprus Investment Firms (‘CIFs’) on 18 April 2022, the Cyprus Securities and Exchange Commission (‘the CySEC’) informed all CIFs on 25 May 2022 (today) that it has extended the deadline for all the annual reporting obligations mentioned in the...
The Cyprus Securities and Exchange Commission (CySEC) has issued Circular C513 informing the Cyprus Investment Firms (CIFs) of their obligation to on-going monitor their prudential requirements. The CySEC reminded all CIFs, about the necessary steps that they must take when...