Release date
14 December 2021
Category
Updates
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Firms given permission to operate under TPR, until their applications are reviewed

Firms given permission to operate under TPR, until their applications are reviewed

CySEC has issued a Policy Statement (available here) relating to its decision to further amend Directive 87-04, in an effort to ensure the smooth transition of UK groups operating under the Temporary Permissions Regime (TPR), until they establish a physical presence in Cyprus.

It should be noted that in December 2020, CySEC introduced a Temporary Permission Regime
so that UK firms can continue to provide investment services without a physical presence in
Cyprus, under the condition that they only offer their services to eligible counterparties
and/or professional clients based in Cyprus. 

Read full announcement here.

Cyprus Funds total assets under management reached €11.6 billion
Updates

Cyprus Funds total assets under management reached €11.6 billion

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Unofficial consolidated legislation for UCITS and AIFΜs
Updates

Unofficial consolidated legislation for UCITS and AIFΜs

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