CySec advises Cyprus Investment Firms about possible impact of Brexit
Cyprus Investment Firms (CIFs) are advised to look at their business model structure, services and activities in order to consider and analyse the potential impact of a post-Brexit world.
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular to Cyprus Investment Firms, requests the CIFs to report to CySec on the likely implications that Brexit will have on their activities and services, including any suggestions for adopting immediate measures to eliminate their respective impact.
The Circular issued today (April 12, 2017) follows the the Circulars C130, C140 and C141.
With this Circular, CIFs are requested to submit their anticipated Brexit impacts and respective remedial measures through CySEC’s web portal as a free text by the end of business on 28 April 2017. The documents should have the following title: «C201 – The impact of the UK’s exit from the EU on the activities and services of Cyprus Investment Firms».
Source: CySec – C201 to CIFs Brexit impacts
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