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Year: 2019

CySEC Circular C319

Subject: Circular C319 (“the Circular”) dated 14.05.19 regarding CySEC’s Directive for the Prevention and Suppression of Money Laundering and Terrorist FinancingTo whom it concerns: -        CIFs; -        AIFs; -        AIFMs; -        AIFLNPs; and -        other Regulated Financial Entities The new CySEC Directive for the Prevention and Suppression of Money Laundering and Terrorist Fin...
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CySEC Circular C312

Subject: Circular C312 (“the Circular”) dated 16.05.19 regarding findings of review into Key Information Document (the “KID”) on Packaged Retail and Insurance – based Investment Products (PRIIPs)To whom it concerns:CIFs;Regulation (EU) No. 1286/2014 sets out common standards for KIDs’ disclosure so that retail investors are provided with the information necessary for them to make an ...
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Directive regarding the Investor Compensation Fund (R.A.D. 76/2019)

Date: 6th May 2019,Subject: CySEC’s Investor Compensation Fund (“ICF”) Directive 13th of March 2019.To whom it concerns:CIFs;AIFMs which provide the services of paragraph 6 of Section 6 of the AIFM Law of 2013; Management companies, which provide the services of paragraph 4 of Section 109 of the Open-Ended Undertakings for Collective Investments Law of 2012.CySEC has revised cer...
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Recent Developments boosting Cyprus’ Economic Outlook

The Government of Cyprus issued its first ever 15 year bond at 2.75%. The EUR 1bn Bond was oversubscribed more than 8 times!The Republic of Cyprus, successfully launched a first ever 15-year bond, due 26 February 2034, the longest in its history. The EUR1bn bond carries a coupon of 2.75%. Citi, Goldman Sachs and HSBC were joint book runners. The success of this transaction highlights the s...
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Feb 2019 – Directive regarding Certified Persons and Certification Registers

Directive regarding Certified Persons and Certification Registers (R.A.D. 44/2019)18th February 2019CySEC has issued a Directive regarding certified persons and certification registers (R.A.D. 44/2019).The Directive determines and clarifies:The frequency, the content, the material and the way the CySEC examination is conducted; Any matter relating to the Certification Registers, the pr...
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Cyprus domiciled funds are now available in Vestima

07.01.2019 Clearstream headlines “Clearstream has further expanded its Vestima offering by making Cyprus domiciled investment funds eligible for order routing, settlement and custody. International customers can use their Vestima setup to directly access Cyprus domiciled funds and benefit from the same streamlined handling as for other markets. With assets under management (AUM) having more than d...
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