CySEC: Suspension of the fast-track examination scheme
The Cyprus Securities and Exchange Commission (the ‘Commission’) wishes to inform all interested parties, that, it decided to suspend the ‘fast track’ examination scheme (the ‘Scheme’) for the examination of applications for authorisation.
The Commission reached the relevant decision due to the exceedingly large number of applications received for participation in the Scheme. As a result, the Commission will process the applications received to this day for participation in the Scheme, but it will not accept any more applications. The Scheme will be launched again with the same procedures and time schedules that were set at the Commission’s Announcement dated November 2, 2015, at a future date that will be announced by the Commission.