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...
Following the publication of the EU MiCA Regulation in the Official Journal of the European Union (OJEU) on Friday 9th of June, we now have a clear roadmap about the developments of the crypto asset market and its service providers in the EU. MiCA will enter into force on 29...
CySEC adopts EBA Guidelines regarding remuneration practices and the gender pay gap in accordance with Directive (EU) 2019/2034 (EBA/GL/2022/07). In addition, the provision of relevant data regarding high earners, i.e. staff member(s) earning a remuneration of at least...
On May 17th, 2023, the European Commission made important updates to the list of high-risk third-country jurisdictions with strategic deficiencies in their anti-money laundering/countering the financing of terrorism (AML/CFT) regimes. The updated list from the European...