CySEC Clarifies Its Position On The "Authorisation Date" For Licensed Entities

On 4 April 2024, the Cyprus Securities and Exchange Commission (CySEC) published Circular C628 informing all entities under its supervision of the following:

• In alignment with CySEC Circular C191, CySEC clarifies that the "date of authorisation" of a licensed entity is the date specified in the letter by which CySEC notifies that entity an authorisation has been granted.
• As such, obligations regarding report submission, provision of information, and compliance with regulations commence from the aforementioned authorisation date.
• CySEC has abolished Circular C274, which provided that the date of authorisation of a licensed entity is the date on which the licensed entity is informed of its license number and the relevant information is posted on CySEC's website.