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Following their second scheduled review, carried out during late October and early November, Cyprus's international lenders have announced their satisfaction with the progress made in implementing the agreed rehabilitation measures.

Global bank structures are changing, and regulators want continuous assurance that banks are well run.

Cyprus has now enacted all the new laws requited to align its legislative framework with the EU Bank Recovery and Resolution Directive 2014/59/EU and the Deposit Guarantee Schemes Directive 2014/49/EU.

The Cyprus Securities and Exchange Commission have recently issued a circular addressed to Cyprus investment firms to draw their attention to the obligations attached to their freedom to provide services in other EU member states.

The Ministry of Finance and the Central Bank of Cyprus have jointly announced that the recapitalisation of Bank of Cyprus is now complete.

Numerous sectors performing economic activity in Cyprus are now legally obliged to introduce card payment.

On 5 and 6 September the Cyprus parliament passed 14 new laws forming part of a package of measures required by the providers of international financial support to the Cyprus government.

We would like to inform you that the Cyprus Securities and Exchange Commission ("CySEC") has published an announcement reiterating the legal and regulatory framework applicable to RAIFs.

RSM Cyprus was the official Platinum Sponsor of the 8th International Funds Summit & Expo,..

We are delighted to announce that we have strengthened our presence in Western Europe with the acquisition of Jurispectrum, a niche business law firm which operates in Belgium and Luxembourg.

In a recent case in which the writer was involved the country's administrative court confirmed the right of the citizens to apply to the authorities...

In due course a number of appeals will be heard before the Grand Chamber of the European Court of Justice which have been filed by the depositors of the Bank of Cyprus against the European Commission...

The Minister of Finance of India decided on 14 June 2021, the inclusion of Cyprus in the first category of foreign investment funds.

A new legislation, according to which the Tax Department will have the authority to tap into bank accounts of taxpayers without a court order in order to obtain any unsettled taxes, is expected to be enacted soon.

The Directive 2011/16/EU governs the mandatory automatic exchange of information for tax purposes in all the EU member states.

Companies and individuals who are required to submit their 2020 tax estimate and pay the associated first instalment of temporary tax by 31 July 2020

The Cyprus Securities and Exchange Commission (CySEC) announced recently the creation of its Innovation Hub, designed to address and explore the rise of FinTech and RegTech developments.

At the end of January 2015 a number of detailed amendments were made to Cyprus laws regulating the financial and investment sector in order to align them with EU legislation.