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ARTICLE · 07 AUGUST 2023

Financial Services And Regulatory Updates July 2023

RSM Cyprus
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We researched and summarised for you, all recent regulatory updates from Cyprus and Europe, which are applicable for Regulated Companies operating in the Region.

CyprusFinance and Banking
RSM Cyprus
RSM Cyprus
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Cyprus Securities and Exchange Commission ("CySEC")

03/07/2023 – C587 ESMA Guidelines on the consistent application of the triggers for the use of Early Intervention Measures.

CySEC reminds the regulated entities that ESMA has published the Guidelines on the consistent application of the triggers for the use of Early Intervention Measures. These Guidelines are applicable from 1st August 2023.

C587 ESMA Guidelines

18/07/2023 – C588 Opinion on the risks of money laundering and terrorist financing affecting the EU's financial sector.

CySEC informs the Regulated Entities that EBA publish its fourth "Opinion on the risks of money laundering and terrorist financing affecting the EU's financial sector". The Opinion and its associated report inform the risk assessments carried out by competent authorities and the EBA's policies and priorities.

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