Newsletters


December
2020

The Cyprus Securities and Exchange Commission ("CySEC"), wishes, with this circular, to inform the Regulated Entities, that the European Securities and Markets Authority ("ESMA") issued on November 5, 2020, the official translations in all EU official languages (including translation in the Greek language), of its Guidelines on performance fees in UCITS and certain types of AIFs ("Guidelines") with reference number ESMA34-39-992 EN.

December
2020

The Cyprus Securities and Exchange Commission ("CySEC"), wishes herein to inform Regulated Entities that redemption of UCITS and AIF units is suspended for the 24 December 2020.

December
2020

The Cyprus Securities and Exchange Commission ("CySEC"), wishes, herein to remind the Regulated Entities the main provisions of the Securitisation Regulation (EU) No. 2017/2402 (the "Regulation")

December
2020

Further to our direct taxation newsletter issue 17/2020, we would like to inform you that the Minister of Finance has granted an additional extension to the deadline for submission of the Income Tax Returns (T.D.1) and payment of final tax for the tax year 2019, from 30 November 2020 to 15 December 2020

November
2020

The Cyprus Securities and Exchange Commission ("CySEC") wishes herein to provide guidance to the Cyprus Investment Firms ("CIFs") on issues relating to crypto assets. This circular deals with the prudential treatment of crypto assets and financial instruments relating to crypto assets, as well as, how the risk management procedures of CIFs should be enhanced.

November
2020

We would like to inform you that the deadline for the payment of the second temporary tax instalment for the tax year 2020 is on 31st of December 2020.

November
2020

The European Banking Authority ("EBA") published a Report on the effects of the unwind mechanism of the liquidity coverage ratio ("LCR") over a three-year period, from the end of 2016 to the first quarter of 2020.

November
2020

Within the scope of its mandate for market supervision and ensuring the compliance of Regulated Entities with the legislation in force, the Cyprus Securities and Exchange Commission ("CySEC"), wishes to inform the Regulated Entities to examine their records in order to identify whether they maintain or have maintained during the last five (5) years, a business relationship with customers and/or customers’ beneficial owners who have acquired, either themselves or their spouses and/or their children, Cypriot citizenship under the Cyprus Investment Program ("CIP").

November
2020

The Cyprus Securities and Exchange Commission (the "CySEC") wishes with the present Circular to draw the attention of Regulated Entities to their obligation to comply with their EMIR Reporting requirements at all times.

November
2020

We would like to inform you that on the 02 November 2020, the legislation N.147(I)/2020 (“New Law”) amending the Cyprus VAT Law N95 (I)/2000 (hereafter “the Law”) was published in the Official Gazette of the Government.

Publications


FEBRUARY ICAS Newsletter - Issue 07/2021
The European Banking Authority ("EBA") published its final draft Implementing Technical Standards ("ITS") on the disclosure of indicators of global...
22 February 2021
FEBRUARY ICAS Newsletter - Issue 06/2021
The Cyprus Securities and Exchange Commission ("the CySEC") wishes with the present, which is issued pursuant to paragraph 37A of...
17 February 2021
FEBRUARY ICAS Newsletter - Issue 05/2021
With the entry into force of the Investment Firms Regulation (EU) 2019/2033 ("IFR") and Investment Firms Directive (EU) 2019/2034 ("IFD")...
08 February 2021
JANUARY ICAS Newsletter - Issue 04/2021
The European Insurance and Occupational Pensions Authority ("EIOPA") published the second paper in a series of papers on the methodological...
01 February 2021
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