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maprms
Cyprus Securities and Exchange Commission (CySEC) continuously updates all Cypriot Investments Firms (CIFs) about the European Banking Authority (EBA) actions regarding the implementation of the new prudential regulatory framework – IFR/IFD (see the relevant article on our website) which will be implemented on 26 June 2021. Specifically, on 02 February 2021, CySEC issued Circular C426...
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MAP RMS would like to inform you about the upcoming Reporting Obligations for Alternative Investment Funds Managers (‘AIFMs’) and Alternative Investment Funds (‘AIFs’) for the year 2021, in order to ensure that you will remain compliant at all times.
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Few days away from the end of this unique year, MAP RMS would like to inform you about the upcoming Risk Management/Capital Adequacy Reporting Obligations for Cypriot Investment Firms (‘CIFs’) for the year 2021, in order to ensure that you are well prepared and ready for every challenge.
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On 16 December 2020, the European Banking Authority (“EBA”) has published a package of seven (7) final draft Regulatory Technical Standards (“RTS”) on the prudential treatment of investment firms pursuant to Regulation (EU) 2019/2033 (“IFR”), Directive (EU) 2019/2034 (“IFD”) and Directive 2013/36/EU (“CRD”).
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On the 24th November 2020, Central Bank of Cyprus (‘CBC’), acting as the macroprudential authority of Cyprus has notified all Cypriot Investment Firms (‘CIFs’) about the latest decision to set the Countercyclical Capital Buffer (‘CCyB’) rate at 0% on risk exposure amount on exposures in Cyprus for the period 1 January 2021 to 31 March...
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On November 25, 2020, the Cyprus Securities and Exchange Commission (‘CySEC’) issued Circular C417 “Prudential treatment of crypto assets and enhancement of risk management procedures associated with crypto assets” which provides additional information to Cyprus Investment Firms (‘CIFs’) on issues relating to crypto assets and their associated financial instruments.
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On 6 October 2020, the UK’s Financial Conduct Authority (FCA) published the final rules banning the sale and distribution of derivatives and exchange traded notes (ETNs) that reference certain types of crypto securities to retail clients
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ESMA issued on the 2nd of September 2019 the final report on the Guidelines on Liquidity Stress Testing (LST) in UCITS and AIFs in order to address liquidity risks in investment funds. The Guidelines will become applicable on the 30th of September 2020 and are supplementary to the requirements on liquidity stress testing by the...
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The European Parliament on 16 April 2019 has adopted a new, comprehensive regulatory regime for investment firms: the Investment Firm Directive (“IFD“) and Investment Firm Regulation (“IFR“) are intended to replace the existing applicable regulation for investment firms. While small and “non-interconnected” firms in particular will benefit from less regulation, the legislation for “systemically relevant”...
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The Basel III reforms implemented by CRR 2 (Regulation (EU) 2019/876) and CRD 5 (Directive (EU) 2019/878) include an overhaul of the market risk regime, new capital rules for derivatives and securities financing transactions, a binding leverage ratio and supplemental leverage requirement. Although the changes ostensibly apply to Capital Requirements Regulation (CRR) investment firms as...
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