Q1 2022 Reporting Obligations for Alternative Investment Funds (‘AIFs’) and Fund Managers (‘AIFMs’)

CX Financia Ltd presents the reporting obligations of AIFs and AIFMs (the “Obliged Entities”) for Q1 2022.  Obliged Entities need to submit several reports  to Cyprus Securities and Exchange Commission (‘CySEC’) and Central Bank of Cyprus (‘CBC’).     Furthermore Obliged Entities need to submit the Reporting Templates on Liquidity Risks. This submission shall occur…

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Q1 2022 Reporting Obligations for CIFs and CASPs

CX Financia Ltd presents the reporting obligations of Cyprus Investment Firms (‘CIF’) and Crypto-Asset Services Providers (‘CASP’) for Q1 2022.  The said entities need to submit several reports  to CySEC, CBC  and Market Participants. If you require assistance or have questions on any of the reporting obligations above, please contact us at info@cxfinancia.com  

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Extension of TPR by CySEC

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…

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AML and Crypto Assets

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.…

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Xenia Neophytou represents CX Financia at 2021 Blockchain Fest in Limassol

Our Managing Director Mrs. Xenia Neophytou had an amazing and highly constructive experience by participating in 2021 Blockchain Fest event in Parklane Hotel in Limassol! We at CX Financia would like to congratulate the people in FINEXPO, for the perfect organization and moderation of this amazing event. The topic discussed in Xenia’s panel was “Crypto…

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Growth Sectors in Cyprus

Download the presentation slides here. Mrs Xenia Neophytou, Managing Director of CX Financia Ltd, discussed Cyprus’ key growth sectors in the webinar organized by Great Britain – Cyprus Business Association. The webinar was titled “Buying or Relocating in Cyprus” and aimed in providing an overview of the aspects of purchasing a property in Cyprus and…

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Establishing Economic Substance in Cyprus

In our last article on Economic Substance, we discussed the role of substance in tax planning and how this has become increasingly significant in the global economy. With many companies establishing a presence in Cyprus to benefit from the island’s favourable double taxation treaties, it is of paramount importance to demonstrate that management and control…

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What is economic substance?

Setting up Office

An Introduction to Economic Substance: What is it, and why is it important The 2013 financial crisis altered the global tax landscape, with many countries moving towards greater transparency and additional measures put in place to combat tax evasion and tax avoidance. Many countries, through the exchange of information with their foreign counterparts, have increased…

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