Articles

Compliance risks: What you don’t timely manage can hurt you

By CX Financia | January 18, 2022

As global regulations and stakeholder expectations increase significantly, organizations are exposed to a greater degree of compliance risk than ever before. Compliance risk is a threat to a company’s financial, organizational, or reputational standing resulting from violations of laws, regulations, codes of conduct, or standards of practice. Cyprus Investment Firms (‘CIFs’), Alternative Investment Funds (‘AIFs’)…

Extension of TPR by CySEC

By CX Financia | December 17, 2021

Establishment of Temporary Permission Regime (‘TPR’) UK MiFID II firms became non-EU financial institutions no longer benefiting from the so-called “MiFID II” passport post-Brexit. Due to this, Cyprus Securities and Exchange Commission (‘CySEC’), established a TPR. Please find more information in our previous article regarding TPR here. Notification to TPR Entities in relation to the…

AML and Crypto Assets

By CX Financia | December 13, 2021

In a little over a decade, Bitcoin and other crypto assets have progressed from an idea to an economic phenomenon. We have seen cryptocurrencies explode as a viable way to trade currency. Due to its very nature and initial lack of regulation, it resulted in a large stream of illicit activity – namely money laundering.…

Social Media Platforms’ investment recommendations. What are the risks?

By CX Financia | December 9, 2021

Social media driving retail trading activity is a trend that is changing the market dynamics nowadays. Wild fluctuations in stock and crypto prices stir a range of feelings among investors, i.e., envy, confusion, and fear of missing out. However, the majority of the online traders are confused, wondering how to get in on the action.…

How to Register with CySEC as a Crypto Asset Service Provider (“CASP”)

By CX Financia | December 2, 2021

On 25 June 2021, the Cyprus Securities and Exchange Commission (the “CySEC”) released its directive on the CASP register (the “CASP Directive”), which forms subsidiary legislation issued under section 61E of the Cypriot Prevention and Suppression of Money Laundering Law 2007.Furthermore, on 13 September 2021, CySEC issued a Policy Statement on the Registration and Operations…

New measures for attracting foreign investments in Cyprus

By Petros Hadjipetrou | November 28, 2021

On 15 October 2021, the Cyprus government presented its new Action Plan to attract foreign investments in the country, placing an emphasis on high-tech, research and innovation companies. The implementation of this new strategy, which is expected to start from January 2022, aims to create added value to the economy and redefine the country’s development model,…

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Members of the Cyprus Investment Funds Association (CIFA) Member of the Cyprus-India Association. Our team are Certified Persons in the Public Register of the Cyprus Securities and Exchange Commission (CySEC) and members of ICPAC