RegAlertRule · CySEC · 1 Dec 2023 · C606
CySEC 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.
TO : Cyprus Investment Firms (CIFs)
FROM : Cyprus Securities and Exchange Commission DATE : 1 st December 2023 CIRCULAR NO. : C606 SUBJECT : EBA Guidelines on the criteria for the exemption of investment firms from liquidity requirements in accordance with Article 43(4) of Regulation (EU) 2019/2033 (EBA/GL/2022/10)
- The Cyprus Securities and Exchange Commission (the “CySEC”) wishes to bring to the attention
of the Cyprus Investment Firms (the “CIFs”) the EBA Guidelines on the criteria for the exemption of investment firms from liquidity requirements in accordance with Article 43(4) of Regulation (EU) 2019/2033 (EBA/GL/2022/10) (the ‘Guidelines”). These Guidelines are applicable from 28.11.2022. - CySEC has adopted the Guidelines, under Article 43(4) of the Regulation (EU) 2019/2033 (the
“IFR”). - The Guidelines specify the criteria which competent authorities may take into account when
exempting investment firms referred to in Article 12(1) of Regulation (EU) 2019/2033 (i.e. Class 3 CIFs) from liquidity requirements in accordance with Article 43 of Regulation (EU) 2019/2033. Sincerely, George Karatzias Vice Chairman Cyprus Securities and Exchange Commission
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The links and the sentences they come from (2)
- Issued under
- Guideline dated 2022-11-28Not in RegAlert · European Banking Authority
“The Cyprus Securities and Exchange Commission (the “CySEC”) wishes to bring to the attention of the Cyprus Investment Firms (the “CIFs”) the EBA Guidelines on the criteria for the exemption of investment firms from liquidity requirements i…”
- Regulation of 2019Not in RegAlert
“CySEC has adopted the Guidelines, under Article 43(4) of the Regulation (EU) 2019/2033 (the “IFR”).”
Similar documents from other regulators
CSSFCircular CSSF 23/829 on the application of the Guidelines on the criteria for the exemption of investment firms from liquidity requirements in accordance with Article 43(4) of Regulation (EU) 2019/2033Luxembourg · 2023-01-19
EBAGuidelines on the criteria for the exemption of investment firms from liquidity requirements in accordance with Article 43(4) of Regulation (EU) 2019/2033European Union · 2022-07-29
ACPRACPR Compliance with EBA Guidelines on Investment Firm Liquidity Exemption Criteria under Article 43(4) of Regulation (EU) 2019/2033France · 2022-12-14
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