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Month: January 2017

CAPITAL ADEQUACY REQUIREMENTS

We would like to draw your attention to Circular C162 issued by the Cyprus Securities and Exchange Commission (“CySEC”) on 10 October 2016 regarding the “Capital adequacy requirements - Change in the treatment of the Investors Compensation Fund Contribution’’. CySEC wishes to inform the Cyprus Investment Firms (“CIFs”) regarding the following: According to the Investment Services and...
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SAFEGUARDING OF CLIENTS’ FUNDS

We would like to draw your attention to Consultation Paper CP (2016-10) (hereafter “the Consultation Paper”) issued by the Cyprus Securities and Exchange Commission (“CySEC”) on 27 October 2016 regarding a proposed Circular on the requirements for the safeguarding of clients’ funds. The Consultation Paper will be addressed to all Cyprus Investment Firms (hereafter the “CIFs”) and the main points o...
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