Updates

CBC introduce sharpers rules against the so-called “Shell and Letterbox Companies" by Andreas Vladimirou, Senior Manager.

The European Securities Markets and Authority is launching the process to renew the Consultative Working Group ("CWG") of the Financial Innovation Standing Committee ("FISC").

The Financial Conduct Authority ("FCA") publishes its EU Withdrawal Impact Assessment. 

The European Securities and Markets Authority ("ESMA") is publishing this Public Statement to address the risks of a no-deal Brexit scenario in the area of central clearing.

The 4th International Fund Summit was organized by CIFA and took place from the 11 November until the 13 November 2018 at Hilton Park Nicosia.

Auditing and Renewable Sources of Energy in Cyprus by Helen Papatheocharous, Director.

The European Securities and Markets Authority ("ESMA") has published its first annual report.

We would like to bring to your attention that the second installment of temporary tax for the year 2018 is due by 31 December 2018.

The Financial Conduct Authority ("FCA") has issued final guidance that clarifies its expectations about the handling of certain regular premium payment protection insurance ("PPI") complaints.

Brexit – Deal or No Deal? by Costas Loizou, Principal.

Mandatory disclosure rules: the calm before the storm by Marilena Nicolaou, Principal.

Strong Growth Prospects Continue to Attract International Investment. 

George P Nicolaou to offer insight on viable solutions for EU fund structuring and distribution

Co-working spaces and Entrepreneurship- by Kyriakos Heracleous, Senior Manager.

Taxation in a Digital Economy- by Savvia Stavrou, Director.

The European Banking Authority ("EBA") published its final Guidelines on management of non-performing and forborne exposures. 

The Financial Conduct Authority (FCA) has today published an update on the progress of its payment protection insurance (PPI) consumer communications campaign and supporting supervisory work.

The European Securities and Markets Authority ("ESMA") publishes its first Annual Statistical Report ("Report") on the European Union's ("EU") derivatives markets.

The Governing Council agreed to maintain the current monetary policy stance at its September monetary policy meeting. 

The aim of the European Central Bank ("ECB") Macroprudential Bulletin is to raise awareness of macroprudential policy issues in the euro area by bringing greater transparency to the ECB's ongoing work and thinking in this field.

The Financial Conduct Authority ("FCA") has published a Decision Notice Concerning Linear Investments Limited.

The European Securities and Markets Authority ("ESMA") in a study carried out on data reported under EMIR, finds that funds that are part of a large group are more likely to use credit default swaps("CDS").

Following a vote, the industry-led working group on euro risk-free rate has recommended Euro Short Term Rate ("ESTER") as  the new euro risk-free rate.

The Financial Conduct Authority ("FCA") have collaborated with the Chartered Insurance Institute ("CII") to create a re-assessment test of the level 4 Diploma in Financial Planning. 

The Management of K. Treppides & Co Ltd is pleased to announce the following appointment in the position of Director.

We would like to congratulate, our Manager, Ronys Toungoulos, for achieving the highest mark in Module 2- Advanced Diploma in International Taxation (ADIT). 

The European Banking Authority ("EBA") launched three public consultations on amendments to the implementing Technical Standards ("ITS") on supervisory reporting for the reporting framework 2.9. 

The European Securities and Markets Authority ("ESMA") has issued a set of draft regulatory and implementing standards ("RTS/ITS") under the Securitisation Regulation.

Following action by the Financial Conduct Authority ("FCA") and the Competition and Markets Authority ("CMA"), consumers and small businesses will have better information about the services offered by current account providers.

The European Banking Authority ("EBA") published 12 indicators and updated the underlying data from 35 largest institutions in the EU, whose leverage ratio exposure measure exceeds EUR200bn.