Regulatory Updates

Upcoming Deadline for DORA Compliance: Prepare Your Registers of Information

The European Supervisory Authorities (ESAs) have announced critical timelines for financial entities to submit their registers of information on contractual arrangements with...
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European Artificial Intelligence Act Enters into Force

August 1st marks a significant milestone with the implementation of the European Artificial Intelligence Act (AI Act), the world’s first comprehensive regulation...
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Circular C639: Voluntary Dry Run Exercise to prepare industry for the next stage of Digital Operational Resilience Act (DORA) implementation

The Cyprus Securities and Exchange Commission (the ‘CySEC’) on April 24th, 2024 issued Circular C639, regarding the Voluntary Dry Run Exercise to...
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Konkrit Solutions: Your Guide Through the New EU AI Regulations

The European Union (EU) is on the edge of a significant regulatory transformation with proposed rules outlined by the European Council, marking...
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Circular C619: ESMA Guidelines on transfer of data between Trade Repositories under EMIR and SFTR (ESMA 74-362-2351)

The Cyprus Securities and Exchange Commission (the “CySEC”) on the 5th of February 2024 issues Circular C619 on ESMA Guidelines on transfer...
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Circular C616: ESMA Guidelines for reporting under EMIR (ESMA74-362-2281)

The Cyprus Securities and Exchange Commission (CySEC) issues Circular C616 as a reminder to Regulated Entities about the recent publication of the...
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ESAs publish first set of rules under DORA for ICT and third-party risk management and incident classification

The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) published today the first set of final draft technical standards under the...
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ESMA’s Announcement on the Strategic Shift Towards Cyber Resilience and ESG Transparency

On November 9th, 2023, the European Securities and Markets Authority’s (the “ESMA”) published an  Announcement putting the cyber risk as a new...
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Circular C601: EBA’s Guidelines on the use of Remote Customer Onboarding Solutions under Article 13(1) of Directive (EU) 2015/849

On October 12th, 2023, the Cyprus Securities and Exchange Commission (the “CySEC”) issued Circular C601 on EBA’s Guidelines on the use of...
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EU Regulatory Framework: High Risk Third Countries – Delegated Regulation (EU) 2023/2070

On October 4th, 2023, the Cyprus Securities and Exchange Commission (the “CySEC”),  published the Commission Delegate Regulation (EU) 2023/2070 on amending Delegated...
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Circular C595: ESMA Final Report on the 2022 Common Supervisory Action (‘CSA’) on Valuation

On August 31st, the Cyprus Securities and Exchange Commission (the “CySEC”) issued Circular C595 on ESMA Final Report on the 2022 Common...
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