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...