Regulatory Alerts2024-01-15 | C615CySEC Circular C615: Cross Border Data Collection Exercise for Cyprus Investment Firms
The Cyprus Securities and Exchange Commission (CySEC) requires eligible Cyprus Investment Firms to submit data on their 2023 cross-border investment services via an online questionnaire. Participating firms must complete the form by January 31, 2024, ensuring they report activities provided on a freedom to provide services basis to at least 50 retail clients in host Member States. Failure to submit the data by the deadline may result in administrative penalties under the CySEC Law, and no reminders will be issued to non-compliant firms.
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