Updates


November
2019

The European Banking Authority ("EBA") published a Consultation Paper on the draft amended Regulatory Technical Standards ("RTS") and Implementing Technical Standards ("ITS") on passport notification.

November
2019

We would like to bring to your attention that the second installment of temporary tax for the year 2019 is due by 31 December 2019.

November
2019

The Ukrainian parliament has passed on 30 October 2019 a draft law, ratifying the amending protocol of the Double Tax Treaty between  Cyprus and Ukraine, signed on 11 December 2015.  

November
2019

The European Securities and Markets Authority ("ESMA") has launched a Consultation Paper on position limits and position management in commodity derivatives.

November
2019

The European Banking Authority ("EBA") published its second opinion addressed to the EU Commission on the implementation of the Deposit Guarantee Schemes Directive ("DGSD") in the EU. 

November
2019

The European Securities and Markets Authority ("ESMA"), the EU’s securities markets regulator, publishes the priorities that European enforcers will consider when examining the 2019 annual financial reports of listed companies.

October
2019

The EBA launched a public consultation on the new comprehensive Implementing Technical Standard ("ITS") for financial institutions' public disclosure, designed to promote market discipline.

October
2019

The present Circular is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (‘the CySEC Law’). 

October
2019

Financial Services towards Artificial Intelligence and Machine Learning, by Cosmas Cosma

October
2019

The European Insurance and Occupational Pensions Authority ("EIOPA") published updated technical documentation of the methodology to derive EIOPA's risk-free interest rate term structures.

October
2019

The European Banking Authority ("EBA") launched a 2-month public consultation on its proposals for a simple, transparent and standardised ("STS") framework for synthetic securitisation. 

September
2019

Time Value of Money, by Linos Zambas

September
2019

We would like to bring to your attention that the Cyprus Council of Ministers, approved a Scheme for sponsorship to be granted on the acquisition of undeveloped building land that will be used exclusively for the construction of a qualifying primary residence by private individuals.

September
2019

On 24 June 2019, the Chairmen of the US Securities and Exchange Commission and the US Commodity Futures Trading Commission, along with the Chief Executive of the Financial Conduct Authority ("FCA"), released a joint statement on opportunistic strategies in the credit derivatives markets.

September
2019

The European Central Bank ("ECB") delved deep into its tool box, cutting its deposit interest rate further into negative territory, launching a new round of monthly bond purchases and taking other steps to stimulate a flagging eurozone economy.

September
2019

The European Securities and Markets Authority ("ESMA"), the EU's securities markets' regulator, has developed a framework to be used for stress simulations for the investment fund sector.

September
2019

The EBA published its annual update on EU banks' funding plans and asset encumbrance, which helps EU supervisors assess the sustainability of banks' main sources of funding.

August
2019

The European Banking Authority ("EBA") published a new release of the reporting framework 2.9, which includes the validation rules, the DPM data dictionary and XBRL taxonomies.

August
2019

President Donald Trump bowed to pressure from U.S. businesses and concerns over the economic fallout of his trade war with China.

August
2019

The European Banking Authority ("EBA") published an opinion on the implementation of the Deposit Guarantee Schemes Directive ("DGSD") in the EU.

August
2019

The European Banking Authority ("EBA") launched a public consultation on draft Guidelines ("GLs") on the determination of the weighted average maturity ("WAM") of the contractual payments due under the tranche, as per the Capital Requirements Regulation ("CRR") Article 257(1) (a). 

July
2019

The European Banking Authority ("EBA") published an updated list of Common Equity Tier 1 ("CET1") instruments of EU institutions.

July
2019

The European Banking Authority ("EBA") published the findings of its analysis on the regulatory framework applicable to FinTech firms when accessing the market

July
2019

We would like to inform you that on 26 June 2019 an amendment to the Special Defence Contribution (SDC) law was published in the Cyprus Gazette.

July
2019

The EBA welcomed publication by the European Court of Auditors ("ECA") of a special Report on the EU-wide stress test titled "EU-wide stress tests for banks: unparalleled amount of information on banks provided but greater coordination and focus on risks needed".

July
2019

The present Circular is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law ("the CySEC Law").

June
2019

The European Banking Authority ("EBA") launched  a consultation on its draft Guidelines on loan origination and monitoring.

June
2019

"The Joint Committee of the three European Supervisory Authorities (EBA, the European Insurance and Occupational Pensions Authority ("EIOPA") and ESMA - ESAs) launched a public consultation to amend the implementing regulations on the mapping of credit assessments of External Credit Assessment Institutions ("ECAIs") for credit risk.

June
2019

The European Insurance and Occupational Pensions Authority ("EIOPA") published technical information on the relevant risk free interest rate term structures ("RFR") with reference to the end of May 2019.

June
2019

The European Banking Authority ("EBA") published amendments to the Implementing Technical Standards ("ITS") on supervisory reporting. 

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