Summary of CySEC's Circular C446

Memo #20-2021
CySEC Circular No: C446

Date: 10/05/2021
Subject: Risk Based Supervision Framework (‘The RBS-F’) – Electronic submission of information for the year 2020 (Form RBSF-ASP)
Purpose: To inform ASPs about the issue of the Form RBSF-ASP Version 4 for the collection of various statistical information.

In Summary:

CySEC has issued the Circular C446 on 10/05/2021 to inform the Administrative Service Providers (‘the ASPs’) that a new version of the Form RBSF-ASP Version 4 (‘the Form’) is issued.  This Form is issued on an annual basis and its scope is the collection of various statistical information.

The Form can be found in Appendix on this Circular C446.

The Form must be completed and successfully submitted to CySEC, by all ASPs that were authorised by December 31, 2020. In this respect, ASPs that were authorised by December 31, 2020, but have not made use of their authorisation must also submit the Form.
The Form must be successfully submitted electronically via the CySEC’s Transaction Reporting System (‘TRS’) and ASPs are responsible to ensure that they have received a feedback file. The Form is regarded as being successfully submitted to CySEC only when a NO ERROR indication feedback file is received.

The deadline to submit the Form is by 15:00 hrs, Monday, June 7, 2021, at the latest. CySEC stresses that no extension will be granted.

This Circular C446 includes a link with the steps that ASPs will have to follow for the successful submission of the Form to the TRS.
This Circular also refers about the additional information requested with this Form and about the new sections added on this Form in compare with previous versions of the Form.

Furthermore, this Circular refers to the method of creating, signing and submitting the Form to the CySEC.  

Read the CySEC Circular C446

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