Newsletters


April
2021

The European Securities and Markets Authority ("ESMA"), the EU’s securities markets regulator, today published its final report on the European Markets Infrastructure Regulations ("EMIR") and Securitised Financing Transactions Regulation ("SFTR") data quality.

April
2021

The amendment of Article 45, of the Cyprus VAT Law, comes into effect on the 1st of July 2021 and from that stems the imposition of monetary penalties for non-compliance with the reverse charge provisions.

April
2021

The Cyprus Securities and Exchange Commission ("CySEC") has recently carried out a review of the compliance of the Regulated Entities with the compliance function requirements("the Review") pursuant to Article 17(2) of the Law.

April
2021

The European Banking Authority ("EBA") published a consultation paper on draft regulatory technical standards ("RTS") on disclosure of investment policy by investment firms.

March
2021

The Cyprus Securities and Exchange Commission (the "CySEC") hereby draws the attention of the Cyprus Investment Firms (the "CIFs"), which intend to provide investment and/or ancillary services and/or perform investment activities in the territory of Czech Republic, to CNB’s regulatory rules regarding the persons that are allowed to provide such services.

March
2021

The Cyprus Securities and Exchange Commission (the "CySEC") hereby draws the attention of the Cyprus Investment Firms (the "CIFs"), which intend to appoint Tied Agents to offer their services in the territory of Portugal, to CMVM’s regulatory rules regarding the persons that are allowed to provide such services.

March
2021

We would like to inform you that the Minister of Finance has granted an extension to the deadline for submission of the 2019 Corporate Income Tax Returns (T.D.4 form), and of the personal Income Tax Returns of self-employed individuals with gross income that exceeds €70.000 and preparing audited financial statements (T.D.1 form), from 31 March 2021 to 30 September 2021.

March
2021

The Cyprus Securities and Exchange Commission (the "CySEC") wishes, with this circular, to inform the Regulated Entities that the European Securities and Markets Authority ("ESMA") published on February 1, 2021 an announcement regarding the 2021 Common Supervisory Approach ("CSA") on "MiFID II Product Governance rules".

March
2021

We would like to inform you that the Cyprus Parliament voted an amendment to the provisions of the Central Agency for Equal Distribution of Burdens (Creation, Objects, Responsibilities, and Other Related Matters) Law of 1989, with the introduction of a new 0,4% levy on the sale proceed of immovable properties located in the area that is currently under the control of the Republic of Cyprus.

March
2021

The Cyprus Securities and Exchange Commission ("CySEC") wishes to draw attention of issuers whose securities are admitted to trading on a regulated market of the Cyprus Stock Exchange or on other regulated market, to the Public Statement of the European Securities and Markets Authority ("ESMA") with reference number ESMA32-63-1041 and subject "European common enforcement priorities for 2020 annual financial reports".

Publications


APRIL ICAS Newsletter - Issue 15/2021
The European Securities and Markets Authority ("ESMA"), the EU’s securities markets regulator, today published its final report on the European...
19 April 2021
APRIL INDIRECT TAXATION Newsletter - Issue 01/2021
The amendment of Article 45, of the Cyprus VAT Law, comes into effect on the 1st of July 2021 and...
12 April 2021
APRIL ICAS Newsletter - Issue 14/2021
The Cyprus Securities and Exchange Commission ("CySEC") has recently carried out a review of the compliance of the Regulated Entities...
12 April 2021
APRIL ICAS Newsletter - Issue 13/2021
The European Banking Authority ("EBA") published a consultation paper on draft regulatory technical standards ("RTS") on disclosure of investment policy...
05 April 2021
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