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From Application to Approval: What the FSA Reviews During a VASP Application
CySEC AML Compliance Officer Exams
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 national measures regarding CFDs and how it affects the CySEC CFD brokers
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...
ESMA warns CFD providers on application of product intervention measures
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...
Introduction of CySEC’s Form 144-14-61 – Prudential Supervision Framework
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...
Successful presence for FiveComply at the iFXExpo International Conference 2019.
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...
AML Directive
On 10 May 2019, CySEC published a new Directive regarding the prevention and suppression of money laundering and terrorist financing (the ‟Directive” currently available only in Greek). The new Directive applies to, among others, CIFs, ASPs, AIFs and AIFMs Please find below...