The Cyprus Securities and Exchange Commission (‘CySEC’) has recently carried out a review on whether Regulated Entities (i.e. CIFs and Management Companies) are in compliance with the requirements imposed under Article 17(2) of the Investment Services,...
Recent amendments to the serial 2 and 4 of the Third Schedule of the Anti-Money Laundering and Countering the Financing of Terrorism Act 2020 (“AML/CFT Act”) now require reporting entities under the AML/CFT Act to file Cash Transaction Threshold Reporting...
CySEC has issued Circular C435 in order to inform Cyprus Investment Firms (‘CIFs’) which intend to provide investment and/or ancillary services and/or perform investment activities in the territory of Czech Republic, to CNB’s regulatory rules regarding the persons that are...
Directive (EU) 2021/338 of 16 February 2021 was introduced to amend Directive 2014/65/EU (‘MiFID II’), as regards information requirements, product governance and position limits, and Directives 2013/36/EU and (EU) 2019/878 as regards their application to investment firms, to...
Reporting Entities under the First Schedule of the Anti-Money Laundering and Countering the Financing of Terrorism Act 2020 (‘AML/CFT Act’) have an obligation until 1 April 2021 to register with the Seychelles Financial Intelligence Unit (‘FIU’) registration...
The Cyprus Securities and Exchange Commission (‘CySEC’) with Circular C430, wishes to inform CIFs as to the current revised CMVM’s regulatory framework applicable with regards to promoting, distributing, marketing and/or making packaged retail investment and insurance...
On the 18th of February 2021, the House of Representatives in Cyprus has voted in favour of the transposition of the 5th AML Directive (‘AMLD5’) into national legislation. As a result, on the 23rd of February 2021, Law 13(I)/2021 was published in the Official Government...