An in-depth review on CySEC Supervisory Priorities – Seminar on Conduct of Business & Investor Protection Topics


This serminar has been completed

Introduction

On 21 July 2022, the Cyprus Securities and Exchange Commission (the “CySEC” and/or the “Commission”) hosted an executive workshop through which announced the additional supervisory actions taken / to be taken, focusing on regulatory compliance and investor protection, as well the supervisory priorities and objectives of 2022-2023 in relation to Cyprus Investment Firms (the “CIFs”) engaged in the provision of investment services on Contracts for Differences (the “CFDs”).

The seminar will address the main regulatory compliance and investor protection matters raised by the Commission’s Chairman during the executive workshop, as well as the changes introduced and the additional supervisory actions of the Commission on the respective subject matters. Through examples, we aim to provide further clarity on the above topics and enable participants to understand their practical implementation.

Key Points Covered

· Handling of complaints and ad-hoc investigation required by CySEC
· Account Opening and Onboarding Procedures (e.g. assessment of appropriateness, suitability, target market assessment etc.)
· Sales, Marketing, Communication and Promotion
· Cross Border Activities
· Third country group entities
· Responsibilities of the Board of Directors, Compliance Officers and Internal Auditors

Training objectives

By the end of the seminar, participants will:
· Ensure awareness of the additional supervisory actions taken / to be taken by CySEC
· Enhance knowledge on the main investor protection topics
· Reinforce the correct implementation of the policies and procedures surrounding investor protection topics
· Have better understanding of the regulatory expectations and upcoming reviews to be conducted or requested by CySEC
· Identify what compliance areas should be reviewed and enhanced based on good and bad examples we noted through our multi-years’ experience
· Understand the responsibilities of the key persons (e.g. directors, control functions etc.)

The program is ideal for:
· Board of Directors
· Compliance Officers
· Internal Auditors
· Any other senior staff from various departments who are interested in the CySEC’s Supervisory Priorities for 2022 – 2023 on CFD providers and specifically the topics outlined above

Speakers


Maria Sourmeli

Maria Sourmeli is a Director in the International Compliance and Advisory Services Department of K. Treppides & Co Ltd and a member of the Board of Directors since 2018. She is a holder of Advanced and AML certifications of the Cyprus Securities and Exchange Commission for the provision of investment services and activities. Maria Sourmeli holds a BA in Business Administration and an MA in Finance. She has extensive experience in compliance procedures and requirements for regulated entities on a global basis. She leads the International Compliance and Advisory Department of the firm and supervises the compliance functions of financial institutions in Cyprus and the provision of consulting services in relation to regulatory and anti-money laundering compliance, as well as regulatory reporting matters for EU based financial institutions. Maria Sourmeli has over 15 years of experience in relation to the regulations on EU level as well as other licensed activities in Cyprus and abroad. She is also presenting seminars and training courses internally and to financial institutions and she is participating in conferences.

Christina Panayiotou

Christina Panayiotou is a Senior Manager in the International Compliance and Advisory Services Department of K. Treppides & Co Ltd and a member of the Board of Management since 2021. She holds a BSc in Public Administration and Business Administration and an MSc in Finance. She is also a holder of the Advanced and AML certifications of the Cyprus Securities and Exchange Commission for the provision of investment services and activities. She has more than 8 years of experience in the financial services industry in Cyprus and EU, including the presentation of seminars and training courses. She has substantial knowledge of the operational and regulatory requirements as well as the legislation which governs the operations of investment firms, alternative investment funds and alternative investment fund managers in Cyprus. Throughout her experience, she is supervising the compliance functions of investment firms in Cyprus and the provision of compliance and anti-money laundering compliance consulting services in relation to compliance and regulatory matters.

Speakers


Maria Sourmeli

Maria Sourmeli is a Director in the International Compliance and Advisory Services Department of K. Treppides & Co Ltd and a member of the Board of Directors since 2018. She is a holder of Advanced and AML certifications of the Cyprus Securities and Exchange Commission for the provision of investment services and activities. Maria Sourmeli holds a BA in Business Administration and an MA in Finance. She has extensive experience in compliance procedures and requirements for regulated entities on a global basis. She leads the International Compliance and Advisory Department of the firm and supervises the compliance functions of financial institutions in Cyprus and the provision of consulting services in relation to regulatory and anti-money laundering compliance, as well as regulatory reporting matters for EU based financial institutions. Maria Sourmeli has over 15 years of experience in relation to the regulations on EU level as well as other licensed activities in Cyprus and abroad. She is also presenting seminars and training courses internally and to financial institutions and she is participating in conferences.

Christina Panayiotou

Christina Panayiotou is a Senior Manager in the International Compliance and Advisory Services Department of K. Treppides & Co Ltd and a member of the Board of Management since 2021. She holds a BSc in Public Administration and Business Administration and an MSc in Finance. She is also a holder of the Advanced and AML certifications of the Cyprus Securities and Exchange Commission for the provision of investment services and activities. She has more than 8 years of experience in the financial services industry in Cyprus and EU, including the presentation of seminars and training courses. She has substantial knowledge of the operational and regulatory requirements as well as the legislation which governs the operations of investment firms, alternative investment funds and alternative investment fund managers in Cyprus. Throughout her experience, she is supervising the compliance functions of investment firms in Cyprus and the provision of compliance and anti-money laundering compliance consulting services in relation to compliance and regulatory matters.
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