Updates

The Governing Council agreed to maintain the current monetary policy stance at its September monetary policy meeting. 

The aim of the European Central Bank ("ECB") Macroprudential Bulletin is to raise awareness of macroprudential policy issues in the euro area by bringing greater transparency to the ECB's ongoing work and thinking in this field.

The Financial Conduct Authority ("FCA") has published a Decision Notice Concerning Linear Investments Limited.

The European Securities and Markets Authority ("ESMA") in a study carried out on data reported under EMIR, finds that funds that are part of a large group are more likely to use credit default swaps("CDS").

Following a vote, the industry-led working group on euro risk-free rate has recommended Euro Short Term Rate ("ESTER") as  the new euro risk-free rate.

The Financial Conduct Authority ("FCA") have collaborated with the Chartered Insurance Institute ("CII") to create a re-assessment test of the level 4 Diploma in Financial Planning. 

The Management of K. Treppides & Co Ltd is pleased to announce the following appointment in the position of Director.

We would like to congratulate, our Manager, Ronys Toungoulos, for achieving the highest mark in Module 2- Advanced Diploma in International Taxation (ADIT). 

The European Banking Authority ("EBA") launched three public consultations on amendments to the implementing Technical Standards ("ITS") on supervisory reporting for the reporting framework 2.9. 

The European Securities and Markets Authority ("ESMA") has issued a set of draft regulatory and implementing standards ("RTS/ITS") under the Securitisation Regulation.

Following action by the Financial Conduct Authority ("FCA") and the Competition and Markets Authority ("CMA"), consumers and small businesses will have better information about the services offered by current account providers.

The European Banking Authority ("EBA") published 12 indicators and updated the underlying data from 35 largest institutions in the EU, whose leverage ratio exposure measure exceeds EUR200bn. 

The European Securities and Markets Authority ("ESMA") has made available new data for bonds subject to the pre and post trade requirements of the Markets in Financial Instruments Directive ("MiFID II") and Regulation ("MiFIR") through its data register.

The European Banking Authority ("EBA") published its third updated Report on the monitoring of Additional Tier 1 ("AT1") instruments.

The European Securities and Market Authority (ESMA) has published supplementary guidance on the application of the endorsement regime for non-EU credit ratings under the Credit Rating Agencies Regulation ("CRAR").

The European Banking Authority ("EBA") issued a recommendation addressed to the Maltese Financial Intelligence Analysis Unit ("FIAU") after establishing it had breached Union law in relation to its supervision of Pilatus Bank.

Cyprus Securities and Exchange Commission ("CySEC") wishes to inform the Regulated Entities about the requested information by CySEC. 

ESMA has published an opinion which sets out how central counterparties (CCPs) in the EU should consider in their internal risk models the liquidity risk posed by all entities towards which the CCP has a liquidity exposure, such as liquidity providers.

The European Securities and Market Authority ("ESMA") confirmed that the temporary period allowing for a smooth introduction of the use of Legal Identifiers ("LEIs"), originally brought-in in December 2017, will not be further extended and cease in July 2018.

We would like to bring to your attention that the Temporary Tax Assessment for the tax year 2018 is approaching.

Extension to the deadline for the submission of personal income tax returns and final tax payment for 2017.

K. Treppides & Co. Limited and its subsidiary Companies (‘we’ or ‘us’ or ‘our’ or ‘Group’) gather and process your personal information in accordance with this privacy notice and in compliance with the relevant data protection Regulation and laws. This notice provides you with the necessary information regarding your rights and our obligations, and explains how, why and when we process your personal data.

K. Treppides & Co Ltd in association with the Cyprus Chamber of Commerce and Industry, and the Cyprus Russian Business Association are organizing a half-day conference with subject "Funds & Cryptocurrencies: The Development and the Technology" on Thursday, 14 June 2018 from 9:00 a.m. - 15:00 p.m. at Four Seasons Hotel in Limassol.

The Financial Conduct Authority ("FCA") is consulting on new guidance outlining factors financial services firms should consider under the Consumer Rights Act 2015 ("CRA") when drafting and reviewing variation terms in their consumer contracts.

We would like to inform you that your Global Regulation partner, K. Treppides & Co Ltd, is participating in the iFXEXPO International 2018 and we would be delighted to welcome you at our booth #45.

The Cyprus Security and Exchange Commission ("CySEC") wishes to inform the Administrative Services Providers ("ASPs") for the information requested by CySEC.

We would like to inform you that as from the 1st June 2018 the payment of the below mentioned taxes to the Cyprus Tax Department, whether imposed through an assessment issued by the Cyprus Tax Department or through a selfassessment of the taxpayer, and which do not bear interest and penalties, will be made only electronically through JCCsmart.

The European Securities and Market Authority ("ESMA") has updated the use of Legal Entity Identifier ("LEI") under the Markets in Financial Instruments Directive ("MiFID II").

We would like to inform you that the Tax Department of the Republic of Cyprus has announced on 25 April 2018, that the Circular No. 198, regarding the Yacht Leasing Scheme has been withdrawn.

The Cyprus Security and Exchange Commission ("CySEC") wishes to inform the Cyprus Investment Firms about the changes concerning Form.