Regulatory Alerts2023-12-01 | C606CySEC Circular C606 on EBA Guidelines for Exempting Investment Firms from Liquidity Requirements
The Cyprus Securities and Exchange Commission issued Circular C606 to inform Cyprus Investment Firms that it has adopted the EBA Guidelines regarding exemptions from liquidity requirements under Regulation (EU) 2019/2033. These guidelines specify the criteria competent authorities may consider when exempting Class 3 investment firms from the liquidity obligations set forth in Article 43 of the IFR. The circular confirms that these standards became applicable on 28 November 2022 and are now binding for local regulatory oversight.
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