The Cyprus Securities and Exchange Commission (CySEC) introduced Circular C601 on October 12, 2023, marking a significant shift in client onboarding practices for various financial entities. Applicable to Cyprus Investment Firms (CIFs), Administrative Service Providers (ASPs),...
In light of Circular No: C602 recently issued by the Cyprus Securities and Exchange Commission (CySEC) concerning the Spanish National Securities Market Commission’s (CNMV) Resolution of 11 July 2023 on product intervention measures relating to Contracts for Differences...
On 28th September 2023, the European Union underscored its commitment to global financial stability by strengthening its measures against money laundering, terrorist financing, and proliferation financing. This significant step forward was achieved through the amendment of...
The European Securities and Markets Authority (ESMA) has released a follow-up report on the compliance function under MiFID I, assessing the progress made by National Competent Authorities (NCAs) since the previous peer review in 2017. The follow-up report focuses on the...
The Financial Services Authority (FSA) of Seychelles via Circular No. 5 of 2023 has informed financial services providers that, given that the guidelines regarding consumer protection have not yet been finalised from the FSA, shall be exempting all financial services providers...
In line with the MiCA roadmap announced last month, ESMA published yesterday its first consultation package related to the authorisation, identification and management of conflicts of interests of crypto-asset service providers (CASPs) and also how CASPs should address...
On 23rd of June 2023, the Global anti-money laundering watchdog FATF added Cameroon, Croatia and Vietnam to its “grey list” of countries for failing to combat money laundering and terrorism financing. Although no countries have been removed from the grey list, the...