Regulatory Updates

April 25, 2024

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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April 19, 2024

Circular C633: Notification of errors and omissions to CySEC in accordance with Article 9 of Regulation (EU) 2022/1860 laying down implementing technical standards for the application of Regulation (EU) No 648/2012

The Cyprus Securities and Exchange Commission (the “CySEC”) on the 16th of April 2024 issues Circular C633 on the Notification of errors...
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March 21, 2024

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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February 6, 2024

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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January 26, 2024

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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January 17, 2024

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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November 10, 2023

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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October 12, 2023

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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October 4, 2023

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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September 1, 2023

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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August 15, 2023

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

On August 23rd, 2023, the Cyprus Securities and Exchange Commission (the “CySEC”) issued Circular C594 on ESMA launches a Common Supervisory Action...
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August 4, 2023

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

On August 3rd, 2023, the Cyprus Securities and Exchange Commission (the “CySEC”) issued Circular C593 on New reporting standards under Regulation (EU)...
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