Summary of CySEC's Circular C567
Memo #21-2023
CySEC Circular No: C567
Date: 20/04/2023
Subject: Electronic Submission of the Form of the Monthly Prevention Statement for AML/CFT purposes (paragraph 11 of CySEC’s AML/CFT Directive) via the CySEC’s Transaction Reporting System (‘TRS’) – New Form MPS
Purpose: To inform Regulated Entities that the Monthly Prevention Statement for AML/CFT purposes, will be submitted via the CySEC’s Transaction Reporting System.
In Summary:
CySEC has issued the Circular C567 on 20/04/2023 to inform the Cyprus Investment Firms (CIFs), Administrative Service Providers (ASPs), UCITS Management Companies, Internally managed UCITS, AIFMs, Internally managed AIFs, Internally managed AIFLNPs, Companies with sole purpose the management of AIFLNPs, Small AIFMs under Law 81(I)/2020 and Crypto Asset Service Providers (CASPs), that from May 2023 (Reporting for April 2023), the Form of the Monthly Prevention Statement (MPS) for AML/CFT purposes, will be submitted via the CySEC’s Transaction Reporting System (‘TRS’).
CySEC informs that a new Form, MPS (‘the Form’), for the collection of data regarding the Monthly Prevention Statement is issued. The new Form MPS replaces the existing Form 144-08-11.
The first submission of the Form will be by 15 of May 2023 and shall cover the period of 01/04/2023-30/04/2023. Thereafter, the Form must be successfully submitted electronically via the CySEC’s TRS on a monthly basis within 15 days from the end of each month.
CySEC notes that All Regulated Entities are required to complete and submit the Form.
CySEC further notes that the Form is regarded as having successfully been submitted to CySEC, only when a NO ERROR indication feedback file is received.
This Circular C567 refers about the steps that Regulated Entities will have to follow for the successful submission of the Form to the TRS, instructions for the completion of the Form, the method of creating and submitting the Form to the CySEC and the link to found the Form.
Read the CySEC Circular C567
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