CySEC has issued Circular C478 on 21 December 2021, informing Regulated Entities (i.e., CIFs, ASPs, UCITS, AIFMs, AIFs, AIFLNPs, CASPs, etc.) on the result of the National Risk Assessment (‘the NRA’) on Money Laundering and Terrorist Financing (‘ML/TF’) risks of Virtual Assets...
The European Securities and Markets Authority (ESMA) has updated its Question and Answers (available here), relating to the application of the Alternative Investment Fund Managers Directive (AIFMD), Directive 2011/61/EU. ESMA added a new question under Section XI of the...
CySEC has issued a Policy Statement (available here), relating to its decision to further amend Directive 87-04, in an effort to ensure the smooth transition of UK groups / firms operating under the Temporary Permissions Regime (TPR), until they establish physical presence in...
Considering the ongoing impact of the Covid-19 pandemic, the Financial Services Commission, Mauritius (the “FSC”) via the issuance of a regulatory relief is granting an extension of deadlines for some balance sheet dates to FSC licensees, which are unable to comply, in a...
CySEC via the issuance of its Circular C476 has informed Regulated Entities (CIFs, CASPs, ASPs, AIFMs, etc.) that the Financial Action Task Force (FATF) has updated its 2019 Guidance for a Risk-Based Approach to Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs)....
At its October 2021 Plenary, the FATF concluded that Mauritius would NO longer be subject to increased monitoring by the FATF, as Mauritius strengthened the effectiveness of its AML/CFT regime and addressed related technical deficiencies to meet the Action Plan’s commitments...
The Cyprus Securities and Exchange Commission (“CySEC”) on September 13th, 2021, issued a Policy Statement on the Registration and Operations of Crypto Asset Services Providers (“CASP”), where it outlines the registration requirements and provides additional...