Summary of CySEC's Circular C556
Memo #12-2023
CySEC Circular No: C556
Date: 27/03/2023
Subject: Guidance on Sanctions and Restrictive Measures
Purpose: To notify the Regulated Entities for the issuance of a practical guide for Guidance on Sanctions and Restrictive Measures.
In Summary:
CySEC has issued the Circular C556 on 27/03/2023 to inform the CIFs, ASPs, UCITS Management Companies, Internally managed UCITS, AIFMs, Internally managed AIFs, Internally managed AIFLNPs, Companies with sole purpose the management of AIFLNPs, Crypto Asset Service Providers and Small AIFMs under Law 81(I)/2020, that CySEC has issued a practical guide for Guidance on Sanctions and Restrictive Measures.
This practical guide is available on CySEC’s website.
This practical guide was prepared to provide guidance for the regulated entities of CySEC and to serve as a single-source information document on the legal framework of Sanctions and Restrictive Measures.
CySEC notes that this practical guide covers in a summarised form the scope, categories, characteristics and legal framework of Sanctions and Restrictive Measures.
CySEC also notes that this practical guide may be updated from time to time.
This practical guide can be found on the following link: https://www.cysec.gov.cy/el-GR/Files/AML/94324.aspx/
Read the CySEC Circular C556
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