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Month: March 2020

CySEC Examinations Announcement

CySEC issued an announcement on the 24th March 2020 regarding the postponement of all certification examinations, due to the confirmed cases of the COVID-19 in Cyprus. The certification examinations are postponed until the 30th April 2020.Candidates already registered for the exams shall be informed at a later stage of the new exam dates.Re CySEC Certification and AML Exam please note:...
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Coronavirus (COVID-19) Announcement

In the light of the recent corona virus spread developments, MNK RISK CONSULTING Ltd would like to assure you that we are taking all necessary measures to ensure business continuity and the timely submission of your regulatory deliverables. Your regulatory compliance is our priority.We offer uninterrupted service through video conference meetings and conf calls, remote support via email corres...
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Increase of Assets under Management of Cyprus Collective Investments

Cyprus Securities and Exchange Commission (CySEC) issued on the 5th March 2020 the Quarterly Statistical Publication for Management Companies and Undertakings of Collective Investments (UCIs) which provides CySEC’s key findings regarding the Collective Investments Sector in Cyprus.Based on the statistics, the total Assets under Management (AuM) for the 4th quarter of 2019 amounted to € 8.3 bil...
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ESMA’s Liquidity Stress Testing (LST)

ESMA objective: To promote consistency and increase the frequency of current LST practices while also enhancing the existing LST standards.When: On the 30th September 2020 the new ESMA’s Liquidity Stress Testing Guidelines (“the Guidelines”) will take effect. Competent authorities shall be incorporating these Guidelines into their national legal and supervisory frameworks as appropriate.To...
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New player in fintech town

A Limassol-based fintech startup, eCredo, plans to revolutionise e-payments with quick and low-cost transfers, as high street banks continue to charge high rates, frustrating customers who are seeking alternative ways to do business.“E-payment is the electronic means of making payments in what is still a developing sector of the economy,” said a senior eCredo executive.“We are a young busi...
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