Cyprus Securities and Exchange Commission risk-based reporting for investment fund managers
The Cyprus Securities and Exchange Commission (“CySEC”) has announced the detailed arrangements for regulated Cyprus investment fund managers and self-managed investment funds to submit information regarding the year 2017 for the purposes of risk-based supervision. They apply to Alternative Investment Fund Managers, UCITS Management Companies, Self-Managed UCITS, Self-Managed Alternative Investment Funds, Self-Managed Alternative Investment Funds […]
Extension of temporary licences issued under the Law on Broadcasting Organisations
Law 64(I) of 2018, which took effect on 29 June 2018, amends the Law on Broadcasting Organisations of 1998 to 2017 to extend the validity of temporary licences issued under article 56 of the law by a further year. Temporary licences, which were due to expire on 30 June 2018, will now expire on 30 […]
Further extension of the period allowed for submitting applications to settle tax arrears by instalments
The Process of Adjustment of Tax Arrears Law 2017 (Law 4(I)/2017) establishes a procedure for settling tax arrears by monthly instalments. It provides a waiver of interest and penalties of up to 95% for all nationally imposed taxes, including income tax, value added tax, special defence contribution tax, capital gains tax, stamp duty and special […]
Entry Into Force Of The Cyprus–Luxembourg Double Taxation Agreement
Author: ELIAS NEOCLEOUS , CONSTANTINOS CHRISTOFI Law Firm: Elias Neocleous & Co LLC Publisher:Wolters Kluwer Practice area: CORPORATE AND COMMERCIAL
Alignment of Evidence Law with EU Regulation on Electronic Identification
Author: MARIA HADJISAVVA Law Firm: Elias Neocleous & Co LLC Publisher:International Law Office Practice area: CORPORATE AND COMMERCIAL
Consultation on proposed CySEC guidance under the Alternative Investment Funds Law
In preparation for the implementation of amendments to the Alternative Investment Funds Law, the Cyprus Securities and Exchange Commission has opened the consultation process on the text of directives it proposes to issue under the amended law. Twelve draft directives have been published, dealing with: the conditions and procedure for the distribution of units […]