Regulatory Alerts2023-08-31 | C595CySEC Circular C595 on ESMA Final Report on the 2022 Common Supervisory Action on Valuation
The Cyprus Securities and Exchange Commission issued Circular C595 to alert Investment Fund Managers to the European Securities and Markets Authority's Final Report on the 2022 Common Supervisory Action regarding asset valuation. The report evaluates compliance with organizational requirements and valuation principles to ensure accurate financial positioning under normal and stressed market conditions. CySEC urges fund managers to review their activities against these findings to ensure legal compliance and notes that further guidance may follow based on thematic reviews.
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