Category

Regulatory Updates
12
Oct

Circular C601: EBA’s Guidelines on the use of Remote Customer Onboarding Solutions under Article 13(1) of Directive (EU) 2015/849

October 12, 2023
On October 12th, 2023, the Cyprus Securities and Exchange Commission (the “CySEC”) issued Circular C601 on EBA’s Guidelines on the use of Remote Customer Onboarding Solutions under Article 13(1) of Directive (EU) 2015/849 (the “Circular”). Further to the issuance of CySEC’s Circular C479 in relation to the public consultation by the European Banking Authority (the...
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04
Oct

EU Regulatory Framework: High Risk Third Countries – Delegated Regulation (EU) 2023/2070

October 4, 2023
On October 4th, 2023, the Cyprus Securities and Exchange Commission (the “CySEC”),  published the Commission Delegate Regulation (EU) 2023/2070 on amending Delegated Regulation (EU) 2016/1675 adding Cameroon and Vietnam to the list of high risk third countries. The Delegated Regulation (EU) 2023/2070 implements the following change to the Delegated Regulation (EU) 2016/1675: In the Annex...
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01
Sep

Circular C595: ESMA Final Report on the 2022 Common Supervisory Action (‘CSA’) on Valuation

September 1, 2023
On August 31st, the Cyprus Securities and Exchange Commission (the “CySEC”) issued Circular C595 on ESMA Final Report on the 2022 Common Supervisory Action (‘CSA’) on Valuation (the “Circular”). Via the issuance of the Circular, CySEC wishes to stress the attention of Investment Fund Managers* to the content of the Final Report On the 2022...
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15
Aug

Circular C594: ESMA launches a Common Supervisory Action (‘CSA’) with NCAs on the sustainability-related disclosures and the integration of sustainability risks in the Investment Fund Sector

August 15, 2023
On August 23rd, 2023, the Cyprus Securities and Exchange Commission (the “CySEC”) issued Circular C594 on ESMA launches a Common Supervisory Action (‘CSA’) with NCAs on the sustainability-related disclosures and the integration of sustainability risks in the Investment Fund Sector (the “Circular”). Via to the issuance of the Circular, CySEC wishes to inform Investment Fund...
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04
Aug

Circular C593: New reporting standards under Regulation (EU) 648/2012 on OTC Derivatives, Central Counterparties and Trade Repositories, as amended (‘EMIR’)

August 4, 2023
On August 3rd, 2023, the Cyprus Securities and Exchange Commission (the “CySEC”) issued Circular C593 on New reporting standards under Regulation (EU) 648/2012 on OTC Derivatives, Central Counterparties and Trade Repositories, as amended (‘EMIR’) (the “Circular”). Via the issuance of the Circular, CySEC wishes to highlight new reporting requirements under the European Market Infrastructure Regulation...
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21
Jul

Circular C589: MONEYVAL’s report on money laundering and financing of terrorism risks in the world of virtual assets

July 21, 2023
On July 18th, 2023, the Cyprus Securities and Exchange Commission (the “CySEC”) issued Circular C589 on MONEYVAL’s report on money laundering and financing of terrorism risks in the world of virtual assets (the “Circular”).   Via the issuance of the Circular, CySEC informs the Regulated Entities* that MONEYVAL has published a Report on money laundering...
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