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...
The Cyprus Securities and Exchange Commission (CySEC) has issued a Press Release informing the public that the online platform for the Cyprus Beneficial Ownership Register of Express Trusts and Similar Legal Arrangements (CyTBOR), will be accessible to trustees as of...
The Cyprus Securities and Exchange Commission (CySEC) has issued Circular C504 informing Regulated Entities (i.e., CIFs and AIFMs) on the publication of Guidelines on certain aspect of the MiFID II appropriateness and execution-only requirements that were issued by European...
The Cyprus Securities and Exchange Commission (‘the CySEC’) on 18 April 2022, has informed the Cyprus Investment Firms (‘CIFs’) that it has extended the deadline of the below-mentioned annual obligations by one month: Submission of Suitability Report (new deadline 31st May...