NEWSNews

Relevant to: Regulated Entities1 Circular C627 (“the Circular”) dated 03/04/2024 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (‘the CySEC Law’). Through Circular C627, CySEC wishes to inform Regulated Entities for the obligation to submit the Quarterly Statistics Form. The key takeaways from CySEC’s C627 circular can...

Relevant to: Regulated Entities [1] Circular C613 (“the Circular”) dated 05/01/2024 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (‘the CySEC Law’). Through Circular C613, CySEC wishes to inform Regulated Entities for the obligation to submit the Quarterly Statistics Form. The key takeaways from CySEC’s C613 circular...

DECEMBER 9 2023. The EU becomes the very first continent to set clear rules for the use of AI. The AI Act shall facilitate EU start-ups and researchers to lead the global AI race. EU legislators agreed on a two-tier approach, with (1) transparency requirements for all general-purpose AI models (such as ChatGPT) and (2)...

Businesses are taking steps to boost their geopolitical expertise to help with increasingly delicate judgments on target markets and supply chains. While some are using specialist consultancies others, such as Hitachi and Lazard, have been hiring former diplomats, civil servants and politicians to provide advice. Lord Malloch Brown, an ex-diplomat and president of the Open...

Relevant to: Regulated Entities1 Circular C601 (“the Circular”) dated 12/10/2023 is issued following EBA’s Guidelines on the use of Remote Customer Onboarding Solutions under Article 13(1) of Directive (EU) 2015/849. Through Circular C601, CySEC wishes to inform to inform the Regulated Entities that the EBA has published its Guidelines on the use of Remote Customer...

Relevant to: Cyprus Investment Firms (‘CIFs’) Circular C599 (“the Circular”) dated 27/09/2023 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (the ‘CySEC Law’). Through Circular C599, CySEC wishes to inform all CIFs for the obligation to submit the Quarterly Statistics Form. The key takeaways from CySEC’s C599...

Relevant to: Regulated Entities[1] [1]Alternative Investment Fund Managers (‘AIFMs’), Internally managed AIFs, UCITS Management Companies, Internally Managed UCITS, Internally Managed Alternative Investment Funds with Limited Number of Persons (‘AIFLNP’) Companies with sole purpose the management of AIFLNPs and Small AIFMs. Circular C597 (“the Circular”) dated 28/09/2023 is issued pursuant to section 25(1)(c)(ii) & (iii) of...

Relevant to: Regulated Entities1 Circular C596 (“the Circular”) dated 11/09/2023 informs the Regulated Entities regarding the transfer of Russian securities to Russia (‘Forced Transfers’). Through Circular C596, CySEC wishes with this Circular to inform the Regulated Entities on the matter of ‘Forced Transfers’. The key takeaways from CySEC’s C596 circular can be found below: According...

Relevant to: CAIFMs and AIFs[1] Circular C562 (“the Circular”) dated 04/04/2023 wishes to provide guidance to Cyprus Alternative Investment Fund Managers (“CAIFMs”) and AIFs, on key principles and concepts governing the EU AIFMD (Directive 2011/61/EU). Through Circular C562, CySEC wishes to provide guidance to CAIFMs and/or AIFs externally managed by CAIFMs in order to ensure better understanding...

Relevant to: All Regulated Entities1 Circular C554 (“the Circular”) dated 23/03/2023 informs regarding the Suspension of redemption of UCITS and AIF units on 7 and 10 April 2023 Through Circular C554, CySEC wishes to inform Regulated Entities that the redemption of UCITS and AIF units is suspended on 7 and 10 April 2023. The key takeaways from CySEC’s...