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...
The Cyprus Securities and Exchange Commission (CySEC) issued Circular C550, informing the regulated entities of the outcome of its onsite inspections conducted during 2021 and 2022. Findings from these inspections evidenced some examples of good practices, although CySEC also...
The European Union (EU) has voted in favor of the MiCA crypto legislation, making it the first major jurisdiction to introduce a comprehensive crypto law. The legislation aims to protect consumers, safeguard financial stability and market integrity, and provide regulatory...
Cyprus Securities & Exchange Commission (the ‘CySEC’) has issued Circular C563 regarding the Risk Based Supervision Framework (the ‘RBS-F’) – Electronic submission of information for the year 2022 (Form RBSF-CIF) related to the Cyprus Investment Firms. In this respect,...
The European Union’s (EU) proposed Markets in Crypto Assets (MiCA) is on the EU parliament agenda to be discussed on the 18th of April. If everything goes smoothly, MiCA regulation will be officially approved by the EU parliament on April 19th. The MiCA regulatory package is...
The European Securities and Markets Authority (ESMA) published last week, a supervisory briefing on firms offering copy trading services, in accordance with its objective of fostering investor protection and actively promoting supervisory convergence across the Union. This briefing...
The Cyprus Securities and Exchange Commission (CySEC) on 14th of March released new guidelines on certain aspects of the compliance function requirements. These guidelines aim to ensure common, uniform, and consistent application of legal requirements related to compliance...