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The Cyprus Securities and Exchange Commission ("CYSEC") has recently issued directive DI 144-2007- 09 on General Meetings of the members of the Investment Compensation Funds for the clients of Cyprus Investment Firms, pursuant to the provisions of the Investment Services and Activities and Regulated Markets Law (Law 144(I) of 2007) as amended, transposing MiFID into Cyprus legislation.

The Memorandum of Understanding that Cyprus concluded with its international creditors in 2013 committed the government to introducing a so-called "foreclosure law".

The law obliges every person or entity in the Republic of Cyprus to abide by and comply with all sanctions or restrictive measures imposed by resolutions of the United Nations Security Council or the European Union.

"Phileleftheros" is the longest-established Greek-language daily newspaper in Cyprus and also the largest in terms of circulation.

The Central Bank of Cyprus (CBC) has released its latest analysis of data on non-performing loans in the Cyprus banking sector, covering the period to 31 March 2017 and showing the aggregate...

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

In order to ensure compliance with EU Directive 2015/2376/EU amending EU Directive 2011/16/EU on the compulsory automatic exchange of information in the field of taxation –

"Phileleftheros" featured an interview with Mr. Roy Saunders, founder and president of the International Business Structuring Association.

The Cyprus Tax Department has issued a further reminder to submit applications for settlement of arrears of tax by instalments under the Process of Adjustment of Tax Arrears Law of 2017 (Law 4(I)/2017).

Cyprus has further extended its network of double tax agreements by signing a new agreement with Jersey.

Interpretative Circular 14, issued by the Cyprus Tax Department on 14 November 2017, clarifies the application of article 5(2)(g) of the Income Tax Law, which provides for a deemed benefit...

The Covered Securities Law, 130(I) of 2010, which was enacted in December 2010, establishes the legal framework for issuance of covered bonds in Cyprus complying with Directive 2009/65/EC (the UCITS Directive) and Directive 2006/48/EC (the Capital Requirements Directive).

The seventh Limassol Economic Forum, which took place on 21 October, attracted more than 400 participants from Cyprus and overseas, and received extensive coverage in the local and international media.

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

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...

In 2016 the European Commission published a proposal for a directive on business insolvency, which aims to provide effective restructuring tools to rescue viable businesses in distress,

On 24 June 2020, the EU Council adopted an amendment to the Directive on Administrative Cooperation (DAC6), inserting Articles 27a and 27b.