Recently, the European Securities and Markets Authority (ESMA) announced that it is launching a Common Supervisory Action (CSA) with national competent authorities concerning the application of MiFID II suitability rules. The purpose of the CSA is to promote common supervisory approaches throughout the EU. ESMA notes that the suitability … [Read more...] about Suitability Assessment and the Upcoming Supervisory Review
Ever since the escalation of the COVID-19 outbreak in Europe, the status quo in the EU’s investment services sector and capital markets has dramatically changed. New developments emerge on an almost daily basis, while the industry is experiencing a major turmoil. Below we summarise the most important EU regulatory developments that have occurred in … [Read more...] about Summary of recent EU regulatory developments in response to COVID-19
The new Market Abuse Regulation (MAR) came into effect in July 2016. In its new iteration, MAR has significantly extended its scope and now captures financial instruments traded on all types of European trading venues and financial products (such as OTC and on-exchange derivatives) whose price or value is referenced to said financial instruments. … [Read more...] about Market Abuse and CFD Brokers: Are you doing enough?
Further to the recent developments and in compliance with the measures taken by the Cyprus Government to prevent the spread of Coronavirus (COVID-19), we would like to reassure you that MAP S.Platis Group has taken all the necessary precautionary measures to mitigate risk and safeguard the health and well-being of all stakeholders – clients, … [Read more...] about COVID-19: MAP S.Platis Group client update
The World Health Organisation (“WHO”) has now officially classified the COVID-19 outbreak as a Pandemic. This means that there is evidence of uncontrolled spread from human to human in multiple countries within a WHO region and in two or more regions. Cyprus government announced proactive drastic measures in order to protect and inform its … [Read more...] about COVID-19 (Coronavirus) Pandemic Response in Financial Services