Category: Polyvios Nicolaou

Registration and Operations of Crypto Asset Service Providers

Registration and Operations of Crypto Asset Service Providers On 13 September, the Cyprus Securities and Exchange Commission (“CySEC”) issued a policy statement on the registration and operations of Crypto-Asset Services Providers (“CASPs”). This much anticipated regulatory step is a product of the transposition of the 5th Anti – Money Laundering Directive into national law and … Continue reading “Registration and Operations of Crypto Asset Service Providers”

NEW CYSEC CIRCULAR C457 adopting ESMA Guidelines on Outsourcing to Cloud Services Providers

NEW CYSEC CIRCULAR C457 adopting ESMA Guidelines on Outsourcing to Cloud Services Providers On 9 July 2021 the Cyprus Securities and Exchange Commission (“CySEC”) has adopted the Guidelines of the European Securities and Markets Authority (“ESMA”) on Outsourcing to Cloud Services Providers (“CSPs”) (the “Guidelines”). Firms that must review and follow the new Guidelines are, … Continue reading “NEW CYSEC CIRCULAR C457 adopting ESMA Guidelines on Outsourcing to Cloud Services Providers”

The mini-manager opportunity

The mini-manager opportunity Introduction of Mini-Managers to Cyprus regulatory scene through the enactment of the Incorporation and Operation of Small Alternative Investment Fund Managers Law (81(I)/2020), (the “Mini Managers Law”), has made Cyprus an even more attractive jurisdiction for both global asset managers to setup shop. The Mini Managers Law gives the opportunity of incorporating … Continue reading “The mini-manager opportunity”