Alongside the ministers for foreign affairs, finance, and energy, commerce, industry and tourism, Elias was interviewed at length on Cyprus's recovery from the 2013 banking crisis...

The Cyprus Securities and Exchange Commission (CySEC) has issued a circular to Cyprus Investment Firms reminding them of their obligations regarding Pillar III disclosures under Regulation (EU) 575/2013.

The Cyprus Ministry of Finance has announced the following further relaxations of capital control

The Ministry of Finance has announced the removal of all remaining restrictions on domestic funds transfers and banking activity in Cyprus.

In order to increase public acceptance of cheques, in 2003 the Central Bank of Cyprus and the Commissioner of the Co-operative Societies Supervision and Development Authority jointly established a register of issuers of dishonoured cheques known as the Central Information Registry.

Cyprus has now enacted all the new laws required to align its legislative framework with the 2014 EU Bank Recovery and Resolution Directive (BRRD) and the 2014 Deposit Guarantee Schemes Directive.

EU law will continue to apply to the UK as if it were a Member State of the EU.

The External Managers shall ensure that each and every RAIF under their management, complies with all of their obligations as per the AIF Law, to be able to operate as RAIFs.

Cyprus has recently introduced the Provision of Crowdfunding Services for Businesses Law of 2024 (the Crowdfunding Services Law), to align with EU Regulation (EU) 2020/1503 on crowdfunding service providers for business.

The SDC Amending Law which was passed by the House of Representatives has now been published in the Official Gazette. Its changes apply to natural or legal persons resident in the Republic of Cyprus.

The Ministry of Finance has extended the submission deadline for the Cyprus National Solidarity Fund Replenishment Scheme (the ‘Scheme'). The new deadline for electronic applications is 25 May 2024.

Read our regulatory newsletter to find out the latest updates in Cyprus and Europe.

In an era of growing globalisation, regulation remains a pivotal force shaping the strategic priorities of financial services firms.

Read our regulatory newsletter to find out the latest updates in Cyprus and Europe...

In a world of increased globalisation, regulation continues to be a key driver of the strategic agenda for financial services firms.

In an era of growing globalisation, regulation remains a pivotal force shaping the strategic priorities of financial services firms.

In a world of increased globalisation, regulation continues to be a key driver of the strategic agenda for financial services firms.

Mr. Petros Ioannides, who has been appointed as liquidator (the "Liquidator") of the branch of FBME Bank Ltd in Cyprus (the "Branch")...