CySec’s Circular to Cyprus Investment Firms about Brexit effects
The Cyprus Securities and Exchange Commission (CySec) has issued today a Circular requesting from Cyprus Investments Firms to inform the Commission regarding Brexit effects on their activities.
According to CySec’s Circular, following the Circular C130, the Cyprus Securities and Exchange Commission (‘the CySEC’) requests the Cyprus Investment Firms (‘the CIFs’) to inform CySEC on the effects that brexit has on their activities, including any contingent liabilities.
In addition, CIFs must calculate their own funds and capital adequacy ratio and inform CySEC accordingly. No need to submit the CRD returns, only the two figures above.
CIFs are kindly requested to submit the above by COB (close of business) today at the electronic address supervision@cysec.gov.cy.
Source: CySec – C140 to CIFs re effects due to brexit
