The Cyprus Securities and Exchange Commission (“CySEC”) announced today the launching of a dedicated section on its website to serve as a Brexit Information Hub. Practically evidencing its commitment to always finding new ways to improve the financial markets, CySEC has prepared a comprehensive set of guidance on Brexit in the form of Questions & Answers (“Q&As”) per regulated sector (which is available here).
This Q&A aims to provide clarity to market participants and UK firms on the applicable Cyprus rules post-Brexit and covers matters in relation to the following sectors:
- The deal reached between the EU and the UK;
- Regulated markets and investment services;
- CySEC’S temporary permission regime applicable to the UK investment firms providing investment services and/or carrying out investment activities on a cross-border basis with per se professional clients and eligible counterparties in Cyprus;
- Collective investments and fund management;
- Issuers of financial instruments; and
- Prudential supervision and CRR.
For more information and any assistance over this matter, please contact Dimitris Papoutsis or any member of our Financial Services team or your usual contact in Elias Neocleous & Co LLC.
