The countercyclical capital buffer (CCB) was introduced as part of the Basel III regime to help counter cyclicality in the financial system.

The European Banking Authority (EBA) recently published its final draft Regulatory Technical Standards (RTS) specifying the conditions according to which consolidation shall be carried out in line with the...

The Ministry of Energy, Commerce and Industry of Cyprus announced the call for participation in the Business Clinics Program of the European Bank for Reconstruction and Development (EBRD)

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

Announcement Of The Registrar Of Companies To Clarify The Registrability Of Pledges And Other Charges.

In an Extraordinary General Meeting of the Cyprus Parliament on 13 October 2020, the Council of Ministers has voted and decided to cancel the Citizenship by Investment Programme

Crowdfunding is an alternative method to banking financing through which small and medium enterprises ("SMEs") can access funding. This can happen mainly through small contributions by many investors.

Suspension of payments of instalments (including the interest) for loans (including syndicated loans) to financial institutions (financial institutions' includes banks

Further to the lengthy consultation between the competent authorities, the Cyprus partnership law has finally been amended by Law No.144(I)/2015 introducing the long awaited Partnership Limited by Shares ("LPS").

As we informed you late last year, the Council of Ministers decided to transpose the 4th Anti-Money Laundering Directive (EU) 2015/849 to the national legislation. The registry development has been...

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.

On 9 March the Cyprus Securities and Exchange Commission (CySEC) published its review of market developments and work carried out in 2015...

CySEC has also posted a statement on its website warning investors of the risks involved with complex products, advising them against investing in a product unless they fully understand all its features...