Newsletters


November
2020

The Cyprus Securities and Exchange Commission ("CySEC") wishes herein to provide guidance to the Cyprus Investment Firms ("CIFs") on issues relating to crypto assets. This circular deals with the prudential treatment of crypto assets and financial instruments relating to crypto assets, as well as, how the risk management procedures of CIFs should be enhanced.

November
2020

We would like to inform you that the deadline for the payment of the second temporary tax instalment for the tax year 2020 is on 31st of December 2020.

November
2020

The European Banking Authority ("EBA") published a Report on the effects of the unwind mechanism of the liquidity coverage ratio ("LCR") over a three-year period, from the end of 2016 to the first quarter of 2020.

November
2020

Within the scope of its mandate for market supervision and ensuring the compliance of Regulated Entities with the legislation in force, the Cyprus Securities and Exchange Commission ("CySEC"), wishes to inform the Regulated Entities to examine their records in order to identify whether they maintain or have maintained during the last five (5) years, a business relationship with customers and/or customers’ beneficial owners who have acquired, either themselves or their spouses and/or their children, Cypriot citizenship under the Cyprus Investment Program ("CIP").

November
2020

The Cyprus Securities and Exchange Commission (the "CySEC") wishes with the present Circular to draw the attention of Regulated Entities to their obligation to comply with their EMIR Reporting requirements at all times.

November
2020

We would like to inform you that on the 02 November 2020, the legislation N.147(I)/2020 (“New Law”) amending the Cyprus VAT Law N95 (I)/2000 (hereafter “the Law”) was published in the Official Gazette of the Government.

November
2020

The Cyprus Securities and Exchange Commission ("CySEC") whishes to inform about the information to be submitted on the basis of the European Supervisory Authorities ("ESAs") Joint Guidelines on Cooperation and Information Exchange between the Supervisory Authorities of Credit and Financial Institutions - (the ‘’AML / CFT Colleges Guidelines”).

October
2020

The Cyprus Securities and Exchange Commission ("CySEC") has proceeded (through on-site inspections) to evaluate the policies/procedures established and implemented by AIFMs regarding their compliance with some operational aspects relating to the organisational requirements and the delegation of functions ("the Inspections").

October
2020

The European Banking Authority ("EBA") published its final draft Regulatory Technical Standards ("RTS") specifying the prudential treatment of software assets.

October
2020

The European Securities and Markets Authority ("ESMA"), the EU’s securities markets regulator, has updated its public register with the latest set of double volume cap ("DVC") data under the Markets in Financial Instruments Directive ("MiFID II"). For more information please press here.

Publications


NOVEMBER ICAS Newsletter - Issue 97/2020
The Cyprus Securities and Exchange Commission ("CySEC") wishes herein to provide guidance to the Cyprus Investment Firms ("CIFs") on issues...
27 November 2020
NOVEMBER DIRECT TAXATION Newsletter - Issue 18/2020
We would like to inform you that the deadline for the payment of the second temporary tax instalment for the...
26 November 2020
NOVEMBER ICAS Newsletter - Issue 96/2020
The European Banking Authority ("EBA") published a Report on the effects of the unwind mechanism of the liquidity coverage ratio...
24 November 2020
NOVEMBER ICAS Newsletter - Issue 95/2020
Within the scope of its mandate for market supervision and ensuring the compliance of Regulated Entities with the legislation in...
13 November 2020
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