Regulatory

Blog

Regulatory

The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Cyprus and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.

Contributors

Aki Corsoni-Husain
Aki Corsoni-Husain
  • Aki Corsoni-Husain

  • Partner
  • Cyprus
George Apostolou
George Apostolou
  • George Apostolou

  • Partner
  • Cyprus
Chiara Deceglie
Chiara Deceglie
  • Chiara Deceglie

  • Partner
  • Luxembourg
Massimiliano della Zonca
Massimiliano della Zonca
  • Massimiliano della Zonca

  • Senior Associate
  • Luxembourg
Philip Graham
Philip Graham
  • Philip Graham

  • Partner
  • British Virgin Islands
Ayana Hull
Ayana Hull
  • Ayana Hull

  • Counsel
  • British Virgin Islands
Katerina Katsiami
Katerina Katsiami
  • Katerina Katsiami

  • Associate
  • Cyprus
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Counsel
  • British Virgin Islands
Mirza Manraj
Mirza Manraj
  • Mirza Manraj

  • Counsel
  • Hong Kong
Elina Mantrali
Mirza Manraj
  • Elina Mantrali

  • Associate
  • Cyprus
Vanessa Molloy
Vanessa Molloy
  • Vanessa Molloy

  • Partner
  • Luxembourg
Andrea Moundi Savvides
Andrea Moundi Savvides
  • Andrea Moundi Savvides

  • Consultant
  • Cyprus
Marina Stavrou
Marina Stavrou
  • Marina Stavrou

  • Associate
  • Cyprus
Matt Taber
Matt Taber
  • Matt Taber

  • Partner
  • Cayman Islands
Carolynn Vivian
Carolynn Vivian
  • Carolynn Vivian

  • Counsel
  • Cayman Islands

CySEC launches a Brexit Information Hub

On 19 February 2020, the Cyprus Securities and Exchange Commission (CySEC) announced the launch of a Brexit Information Hub (accessible here) on its website, aiming to facilitate navigation of Brexit-related information and the compliance of interested parties with new legal obligations arising following the expiry of the transitional period of the UK’s withdrawal from the European Union.

Elina Mantrali

Brexit – CySEC announces Temporary Permissions Regime for UK investment firms

On 22 December 2020, the Cyprus Securities and Exchange Commission (CySEC) issued a press release announcing the introduction of a Temporary Permissions Regime (TPR) in respect of the provision of investment services and conduct of investment activities by UK investment firms to eligible counterparties and professional clients in Cyprus after the expiry of the Brexit transition period on 31 December 2020.

Aki Corsoni-Husain, Elina Mantrali

EBA informs customers of UK financial institutions about the end of the Brexit transition period

On 8 December 2020, the European Banking Authority informed customers of UK financial institutions that, owing to Brexit, EU law will cease being applicable in the UK as of 1 January 2021.  From that date onwards, UK financial institutions not holding a valid authorisation from the supervisory authorities in the EU will lose the right to provide financial services in the EU.

Victor Le Pape

Brexit - Temporary Permissions Regime

On 6 November 2020, the Cyprus Securities and Exchange Commission issued Circular 412 drawing the attention of Cypriot authorised entities such as investment firms, UCITS, UCITS management companies, alternative investment funds and alternative investment fund managers, to the re-opening on 30 September 2020 of the notification window for entering the UK Financial Conduct Authority’s (FCA) Temporary Permissions Regime as set out in the relevant update issued by the FCA. The relevant notifications must be submitted before the end of 30 December 2020.

Elina Mantrali