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New Passporting Guidelines – C233

With the issue of CySEC Circular 233 – MiFID II Main changes in relation to passporting issues and new notification forms, CySEC draws the attention of Cypriot Investment Firms to the new conditions required under MiFID II for the cross-border provision of their products and services to member states. Under MiFID II Investment Firms are required to submit one passport notification for each member state in which they intend to provide cross-border services, thus firms must assess their existing passporting licenses and consider their amendment if necessary. CySEC has prepared new notification forms for this purpose which will be mandatory as of 3rd January 2018.