CYPRUS: MiFID II Main Changes in Relation to Passporting Issues and New Notification Forms

Friday August 25 2017

The Cyprus Securities and Exchange Commission (CySEC) have published a circular to inform the Cyprus Investments Firms (CIFs) on their obligations provided in Articles 35 and 36 of the Investment Services and Activities and Regulated Markets Law L. 87(I)/2017 (the Law), transposing the Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments (MiFID II) that will enter into force on 3 January 2018, in relation to Passporting Issues and the establishment of a branch.

All CIFs should consider whether their existing Passport licenses/ authorisations required to be amended under the scope of Law 87 (Ι)/2017 and submit the new Passport notifications until 29 September 2017 using the new forms available on CySEC’s website.

Please click on the above link for more information.