European Securities and Markets Authority (ESMA) issues Public Statement encouraging better scrutiny of prospectuses relating to Special-Purpose Acquisition Companies (SPACs)
ESMA has recently issued a Public Statement to promote coordinated action by National Competent Authorities (NCAs) regarding the scrutiny of the disclosure included in prospectuses relating to Special-Purpose Acquisition Companies (SPACs), which are approved in accordance with Regulation (EU) 2017/11291 (Prospectus Regulation or PR). ESMA has also issued this statement to draw attention to the […]
The EU’s new sustainable finance strategy
The European Commission adopted an ambitious and comprehensive package of measures to help improve the flow of money towards financing the transition to a sustainable economy. The Strategy builds on the ambitious foundations of the Action Plan on Financing Sustainable Growth and comes at a critical point in time for the progress of sustainable finance […]
Our “Cyprus securities and banking guide” for Thomson Reuters has been published.
Authors: Elias Neocleous Firm: Elias Neocleous & Co LLC Publisher: Thomson Reuters Download
CySEC issues directive in relation the register of the Crypto-Asset Service Providers
In the context of the implementation of pan-EU requirements including crypto-asset service providers (CASPs) under the Fifth Anti-Money Laundering Directive (5AMLD), Cyprus recently updated its definition of obliged entities under the Prevention and Suppression of Money Laundering Law 2007 (AML Law) to bring CASPs into its scope. Moreover, Cyprus authorities have also decided that Cyprus […]
Global Legal Insights- Initial Public offerings 2021 – Promotional Guidelines
Author: Demetris Roti, Rafaella Michail, Yiota Georgiou A team from Elias Neocleous & Co LLC has recently contributed the Cyprus part to the Global Legal Insights- Initial Public offerings 2021 – Promotional Guidelines. The Global Legal Insights – Initial Public offerings 2021 covers key topics including: the IPO process (steps, timing and parties, and market […]
‘Crypto’ currencies and crime: Breaking the link?
In recent years, the use of ‘virtual’ or ‘crypto’ currencies has become popular and Cyprus has become something of a focal point for this rapidly growing sector. However, such currencies are not problem free, as explained by Associate Christiana Nestoros in an article recently published in the Cyprus Mail. In her article Christiana explains why […]
EBA published final draft technical standards specifying the methods of prudential consolidation
The European Banking Authority (EBA) recently published its final draft Regulatory Technical Standards (RTS) specifying the conditions according to which consolidation shall be carried out in line with the Capital Requirements Regulation (CRR). In particular, this initiative has been undertaken according to Article 18(9) of Regulation (EU) No 575/2013 (CRR), which mandates the EBA to […]
ESMA publishes guidelines on periodic information for trade repositories
The European Securities and Markets Authority, the EU’s securities markets regulator, has published its Final report and Guidelines on the reporting of periodic information and material changes by Trade Repositories (TRs) supervised under EMIR (Regulation 648/2012) and SFTR (Regulation 2015/2365). The aim of the Guidelines is to increase the transparency of TRs supervised by ESMA. […]
European Banking Authority publishes final revised Guidelines on money laundering and terrorist financing risk factors.
On 1 March, the European Banking Authority (the ‘EBA’) published its final revised Guidelines on Money Laundering (ML) and Terrorist Financing (TF) risk factors. The revisions take into account changes to the EU Anti Money Laundering and Counter Terrorism Financing legal framework. New ML and TF risks are also addressed, including the ones identified by […]
Global Sanctions Guide
Elias Neocleous & Co LLC is proud to have provided the Cyprus content for the third edition of “Global Sanctions Guide” (the Guide) by Eversheds Sutherland. The Guide is the result of a comprehensive research project on sanctions frameworks. The project brought together leading experts from around the world who reported on the characteristics and […]
