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ESMA's revised weekly commodity derivatives reporting arrangements went live on 3 September 2026, introducing updated technical requirements, validation rules and XML schema version 2.0. Businesses trading energy or other commodity derivatives must understand their specific reporting role, verify that correct information reaches the appropriate reporting party, and ensure their systems properly handle the new technical framework. Cyprus investment firms, energy traders and groups using commodity derivatives

Despite the ongoing growth of regulated iGaming markets, banking remains one of the most difficult operational challenges for iGaming operators.

The EU has taken an important step toward integrating the payments market. Broadening its regulatory scope to include both traditional and emerging payment systems actors...

By the end of 2021, it is expected that the transition of multiple Interbank Lending Rates (‘IBORs'), including the London Interbank Offer Rate (‘LIBOR'), will take place.

Newly published Directive 09/2021 sets out the Tax Department's process of determination of whether foreclosed property proceeds are taxed as Income or Capital Gains...

As reported previously in Global Tax Weekly, in July 2015 the Cyprus Government introduced a notional interest deduction ("NID") on new equity capital, aimed at leveling the playing field between debt and equity finance.

CySEC has published circular C417, which is addressed to Cyprus Investment Firms, and contains guidance on investment in crypto-assets.

The early months of 2013 were dominated by the "bail-out" of Cyprus by the European Stability Mechanism and the IMF.

A Russian company is considered an issuer when it issues EU financial instruments, regardless of the number of such instruments.

Horizon Europe is a European Funding Program, for research and innovation, which exists for the period 2021 – 2027. It is the biggest European funding program with 95 billion euros budget.

The payment services landscape in Europe has changed dramatically over the years, with the advent of Payment System Directives (PSD) one and two bringing forth disruptive rules.

Senior regulators globally have emphasised the necessity of establishing the right culture within financial services firms.

Cyprus has become an international business centre mainly due to its tax system, its strategic geographical location and the advanced professional services sector.

A summary of the most recent developments in the Eurozone, which result from the impact of the Greek financial crisis on Cyprus’s banking sector.

The EU has, in recent years, strongly advocated the need to build a resilient Europe which is fit for the Digital Decade.

The size of the sustainable finance market has risen considerably in recent years, surpassing a remarkable $1,6 trillion globally, as estimated by BloombergNEF.

The EU continues to adopt a stricter approach to sanctions compliance, with a growing emphasis on control-based restrictions under Article 2 of Council Regulation (EU) No 269/2014.