CySec requests further information from CIFs after the recent move on Swiss Franc
The recent move on the Swiss Franc has urgent CySec to ask information from the investment firms under its supervision, on the impact of the move on their business.
With a circular, the Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, urgently requests the Cyprus Investment Firms to report by Tuesday, January 20, 2015, the following:
1. Whether the recent move on the Swiss Franc caused by the Swiss Central Bank has, in
any way, an impact on their business/liquidity/funds, and/or on their clients’ funds.
2. If yes must provide:
i. a detailed analysis of the nature of the estimated impact,
ii. the estimated impact on monetary terms,
iii. the measures/actions that will be taken in order to rectify the situation and to
eliminate the impact,
Source: CySec – CySec requests further information from CIF after the recent move on Swiss Franc
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