On 25 July 2025, three new legislations were published in the Official Gazette of the Republic of Cyprus, introducing a comprehensive framework for the implementation and enforcement of Restrictive Measures and Sanctions in Cyprus. The new legislative package, includes the following laws: The Protection of Persons Reporting Breaches of Union … [Read more...] about Cyprus Strengthens Sanctions Enforcement with New Legislative Package
Regulatory Compliance
Cyprus Updates its Investment Services Law to Transpose the Revised MiFID II Directive
On 17 October 2025, Law 183(I)/2025 was published in the Official Gazette of the Republic of Cyprus, amending the Investment Services and Activities and Regulated Markets Law of 2017. The Law transposes Directive (EU) 2024/790 into national legislation, amending provisions of MiFID II (Directive 2014/65/EU). Key Amendments Introduced The … [Read more...] about Cyprus Updates its Investment Services Law to Transpose the Revised MiFID II Directive
Finance Magnates article: EU reporting rules, an unnecessary duplication and burden for firms, ESMA consulted to streamline rules
Reporting obligations under EMIR, MiFIR, and SFTR have become increasingly complex and costly, often requiring the same trade to be submitted multiple times through different formats and channels, burdening especially small firms and occasional traders. ESMA’s June 2025 consultation aims to address these inefficiencies and simplify financial … [Read more...] about Finance Magnates article: EU reporting rules, an unnecessary duplication and burden for firms, ESMA consulted to streamline rules
EBA Opinion on the interplay between PSD2 and MiCA in relation to CASPs that transact EMTs
On 10 June 2025, the European Banking Authority (EBA) issued an Opinion (No Action letter) clarifying the interplay between Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCA) and Directive (EU) 2015/2366 on Payment Services in the internal market (PSD2), in relation to Crypto-Asset Service Providers (CASPs) that transact with Electronic … [Read more...] about EBA Opinion on the interplay between PSD2 and MiCA in relation to CASPs that transact EMTs
Sustainability in Focus: Key Insights from ESMA’s Upcoming Common Supervisory Action
The European Securities and Markets Authority (ESMA), in collaboration with National Competent Authorities (NCAs), initiated a Common Supervisory Action (CSA) targeting the integration of sustainability within investment firms’ suitability assessments and product governance processes. This initiative underscores the evolving regulatory landscape … [Read more...] about Sustainability in Focus: Key Insights from ESMA’s Upcoming Common Supervisory Action