MiFID

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A new directive MiFID was officially adopted on 30 March 2004 which has brought a cyclone of changes for investment service providers. MiFID was transposed into Cypriot legislation with the New Law 144(I) of 2007 (Law which provides for the Provision of Investment Services, the Exercise of Investment Activities, the Operation of Regulated Markets). Our Company prides to be the top expert in this field. Our Legal Department works closely with the Financial Services Advisory Team and offers our clients the following services:

• Consulting on the form of a financial group's presence in Cyprus and the rest of the EU (IF, CIF, Investment Branch or other, depending on the Client's needs)
• Advisory support towards authorisation and registration of an EU Investment Firm
• Preparation of the application file in accordance with current regulatory requirements
• Incorporation of documents
  • Company's Memorandum and Articles of Association
  • Business plan
  • Internal operations manual / internal regulation and relevant procedures
  • Anti-money laundering provisions
  • Due diligence provisions
  • Risk management provisions
  • Representation of the Client in front of the Cyprus Securities and Exchange Commission (CySEC) and the Central Bank of Cyprus and other EU supervisory authorities
• Legal opinions
• Drafting of client agreements
• Drafting of directors’ and executives’ agreements
• Locating qualified directors and personnel (if needed)
• Money laundering compliance
• Supervision issues
• Advice on capital adequacy directive
• Advice on merger control/antitrust
• Compliance with national and EU Laws
• Accounting and auditing support of an/a IF/Bank

For more information and to compare our prices please feel free to contact us or request a brochure.