Read the CySEC Circular C615
Memo #03-2024
CySEC Circular No: C615
Date: 15/01/2024
Subject: Cross Border Data Collection Exercise, Freedom to Provide Investment Services and Activities (Cross Border Activity)
Purpose: To inform CIFs how to complete the online questionnaire via EU’s online platform for the Cross Border Data Collection Exercise launched by ESMA.
In Summary:
CySEC has issued the Circular C615 on 15/01/2024 to provide to Cyprus Investment Firms (‘CIFs’) general information and instructions for the completion of the online questionnaire via EU’s online platform for the Cross Border Data Collection Exercise launched by the European Securities and Markets Authorities (‘ESMA’).
This Circular C615 is relevant with the Circular C612 that CySEC issued on 22/12/2023. A brief summary you can find on the following link: https://www.gpglobalcy.com/En/news/550-Read_the_CySEC_Circular_C612-2023-12-27.
The Cross Border Data Collection Exercise is addressed to CIFs that were authorised by 31/12/2023 and which have at least 50 retail clients, (including clients treated as professionals on request according to Section II of Annex II of MiFID II) (therein ‘retail clients’), in at least one host Member State (i.e. excluding Cyprus), in accordance with the Circular C612.
CySEC informs that the link and password to access the online questionnaire will be sent out to all CIFs that fulfil the above conditions. Participating CIFs must complete and submit the online questionnaire by 31/01/2024, at the latest.
This Circular C615 includes information for the successful submission of the online questionnaire, as well as instructions how to complete the online questionnaire.
CySEC notes that any enquiries regarding the completion of the online questionnaire shall be directed to riskstatistics.cifs@cysec.gov.cy any day prior to 26/01/2024, at the latest.
Read the CySEC Circular C615
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