Corner

CySEC – Circular 433

CySEC – Circular 433 


The Cyprus Securities and Exchange Commission
has issued a Circular 433 on the 16th of March 2021, with subject of (Requirements of the Portuguese Securities and Exchange Commission (the ‘CMVM’) regarding the appointment of tied agents in the territory of Portugal), which hereby draws the attention of the Cyprus Investment Firms (the ‘CIFs’), which intend to appoint Tied Agents to offer their services in the territory of Portugal, to CMVM’s regulatory rules regarding the persons that are allowed to provide such services.

More specifically: 
Read more

white-elegant-texture-background-with-lines_23-2148428061

FSA Seychelles – Circular No 3 of 2021

FSA Seychelles – Circular No 3 of 2021  

 

The Financial Services Authority (FSA) of Seychelles has issued the Circular No. 3 on the 5th of March 2021, with subject of (Acceptance of digitally signed documents) and the aim of notifying all stakeholders of the Financial Services Authority’s (the Authority) acceptance of electronic documents that have been digitally signed and should be read in conjunction with the previously issued Circular No.13 of 2020 which outlines the current framework for authentication and acceptance of digital signatures.

In line with the Electronic Transactions Act, 2001 and the Electronic Transactions (Affixing of Digital Signature) Regulations, 2018, the Authority has taken a policy decision to accept only documents which are digitally signed using digital certificates issued by certifying authorities from DocuSign. The principal reason for such stems from an assured validation process which provides additional security to the Authority. 

Read more

Corner

CySEC – Circular 432

CySEC – Circular 432

The Cyprus Securities and Exchange Commission has issued a Circular 432 on the 16th of March 2021, with subject of (Opinion of the European Banking Authority on the risks of money laundering and terrorist financing affecting the European Union’s financial sector), which relates to the following Regulated Entities:

  1. CIFs
  2. ASPs
  3. UCITS Management Companies
  4. Internally managed UCITS
  5. AIFMs
  6. Internally managed AIFs
  7. Internally managed AIFLNPs
  8. Companies with sole purpose the management of AIFLNPs

Read more