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ARTICLE · 18 SEPTEMBER 2014

New Cyprus Decrees Issued

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The Republic of Cyprus issued new decrees on 1 September 2014. The provisions of the previous decrees remain unchanged.

CyprusFinance and Banking
Nancy Erotocritou
Nancy Erotocritou
Marios Koutsios
Marios Koutsios
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The Republic of Cyprus issued new decrees on 1 September 2014. The provisions of the previous decrees remain unchanged. The new decrees are valid until 8 December 2014.

For further information please refer to the updates below.

Relaxation of Restrictive Measures for Branches and Subsidiaries of Foreign Banks (Decree No 24)
 
The Republic of Cyprus through its Minister of Finance has published its twenty-fourth decree of the Enforcement of Temporary Restrictive Measures on Transactions of Foreign Banks in case of Emergency Law of 2013 as per articles 4 and 5 of the Enforcement of Temporary Restrictive Measures on Transactions in case of Emergency Law of 2013 (the “Law”) on Monday, 1 September 2014 (the “Decree”).

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