Regulatory Alerts2023-07-03 | C587ESMA Guidelines on the consistent application of the triggers for the use of Early Intervention Measures
The Cyprus Securities and Exchange Commission reminds regulated entities that ESMA published guidelines on June 1, 2023, to ensure the uniform application of Article 18(1) of the CCPRRR. These guidelines provide specific indicators to national competent authorities and central counterparties for determining when early intervention measures should be considered. CySEC has incorporated these guidelines into its supervisory practices, with applicability commencing on August 1, 2023.
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