Regulatory Alerts2024-07-09 | C651C651 - Thematic Review on the handling of clients’ uninvested funds by CIFs
The Cyprus Securities and Exchange Commission (CySEC) is launching a thematic review to assess how Cyprus Investment Firms handle clients' uninvested funds and associated returns. This desk-based exercise evaluates compliance with Law 87(I)/2017 and MiFID II regulations by examining internal processes, client information, and marketing controls. Selected firms will receive a questionnaire requiring detailed responses and supporting documents to facilitate the assessment of investor protection measures.
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