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
Petros Kiteos
Petros Kiteos
  • Petros Kiteos

  • 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

  • Senior Associate
  • Cayman Islands

Europe renews short selling restrictions

On 16 September, the European Securities and Markets Authority and the EFTA Surveillance Authority renewed the requirement on hedge funds and other short sellers of stocks to report to member state regulators (National Competent Authorities or NCAs) where their positions exceed 0.1 per cent of the share capital of an issuer listed on an EU regulated market.

Aki Corsoni-Husain

Legal guide on private placement of funds in Cyprus

We have revised and updated our guide summarising the key aspects on the private placement of funds in Cyprus, focussing on marketing by non-EU and sub-threshold managers and funds looking to access investors based in or operating out of Cyprus.

Aki Corsoni-Husain, George Apostolou,
Elina Mantrali, Petros Kiteos

EBA and ESMA launch consultation to revise joint guidelines on fit and proper assessments

The European Banking Authority (EBA) and the European Supervisory Market Authority (ESMA) launched a public consultation on 31 July 2020 on their revised joint Guidelines on the suitability requirements for senior management of regulated institutions (Joint Guidelines). The revised version will replace previous guidelines issued in 2017.

Chiara Deceglie, Vanessa Molloy,
Aki Corsoni-Husain, Marina Stavrou

Cyprus releases draft law implementing 5th AML Directive and announces public consultation

On 6 August 2020, the Cypriot Ministry of Finance finally published its proposed amendments to the Cyprus AML regime to take into account the requirements set under the 5th AML Directive, including details on its long-awaited public beneficial ownership register. The amendments form part of a public consultation focusing on elements which are at the discretion of member states under 5AMLD as well as other policy issues.

Aki Corsoni-Husain, Andrea Moundi Savvides,
Marina Stavrou, Andreas Stavrou

Europe is getting ready for changes – Brexit transition period is ending

The Cyprus Securities and Exchange Commission issued an announcement on the European Commission’s Communication “Getting ready for changes” that sets out a sector-by-sector overview of the main areas where there will be changes (including financial services), regardless of the outcome of the ongoing EU-UK negotiations, and describes measures that national authorities, businesses and citizens should take in order to be ready for these changes.

Marina Stavrou, Petros Kiteos