While Europe’s financial institutions are struggling to absorb the shock caused by the COVID-19 pandemic, security risks and the frequency of Information and Communications Technology (ICT) and security-related incidents (including cyber incidents) are rising, which, in turn, has the potential to adversely impact financial institutions’ operational … [Read more...] about European Banking Authority (EBA) released its guidelines on ICT and security risk management
Regulatory Compliance
All you need to know about the new EU Crowdfunding Regulation
On 5 October 2020, the European Parliament adopted the final text for a “Regulation on European Crowdfunding Service Providers (ECSPs) for Business” (Regulation 2020/1503 or the “Regulation”). The Regulation will come into effect on 10 November 2021. Generally speaking, it aims to help crowdfunding services function smoothly in the single EU market … [Read more...] about All you need to know about the new EU Crowdfunding Regulation
Cyprus: A unique jurisdiction for alternative investment funds.
Read our latest article in Forbes (in Greek) and learn more about MAP S.Platis’ fund solutions. Read the full article (in Greek) here … [Read more...] about Cyprus: A unique jurisdiction for alternative investment funds.
AML/CFT: Do you adequately monitor your customers’ transactions?
Over the past few years, transaction monitoring with regard to anti-money laundering (AML) and counter terrorist financing (CFT) has become essential. In October 2019, the three main European Supervisory Authorities (ESAs) published their 2nd Joint Opinion on the risks faced by the EU’s financial sector as a result of money laundering (ML) and … [Read more...] about AML/CFT: Do you adequately monitor your customers’ transactions?
EMIR, MiFIR and SFTR Transaction Reporting: Recent Updates
EMIR and SFTR require regulated firms to submit transaction reports to a registered Trade Repository (TR) while MiFIR requires regulated firms to submit transaction reports to their National Competent Authorities (NCAs), either directly or via an Approved Reporting Mechanism (ARM). The importance of data quality for Regulators CySEC, FCA … [Read more...] about EMIR, MiFIR and SFTR Transaction Reporting: Recent Updates