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ICAS
February Newsletter - Issue 55/2020
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Take Action
CySEC
Preparation and submission of recovery plans by CIFs
05 February 2020
The Cyprus Securities and Exchange Commission ("CySEC") wishes herein to provide guidance to the Cyprus Investment Firms ("the CIFs") that fall within the scope of section 10(1)1 of the Investment Services, Activities and Regulated Markets Law [144(I)/2007] 2 and thus, are within the scope of the Law regarding the recovery of CIFs Law 20(I)/2016 (the "Recovery Law"). 
Circular: C351
CySEC
Preparation, submission of consolidated audited financial statements and consolidated capital adequacy forms
05 February 2020
The CySEC wishes herein to provide guidance to the Cyprus Investment Firms ("the CIFs") that fall under the consolidated supervision of CySEC.
Circular: C350
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Announcements
ESMA
Publishes the final report on MIFIR alignments following the introduction of EMIR Refit

 
07 February 2020
The European Securities and Markets Authority ("ESMA") has published a final report suggesting amendments to the trading obligation under MiFIR following the introduction of EMIR Refit. For more information please press here.
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EBA
Consults on revised guidelines on money laundering and terrorist financing risk factors
05 February 2020
The European Banking Authority ("EBA") issued a public consultation on revised money laundering and terrorist financing ("ML/TF") risk factors Guidelines as part of a broader communication on AML/CFT issues. This update takes into account changes to the EU Anti Money Laundering and Counter Terrorism Financing ("AML/CFT") legal framework and new ML/TF risks, including those identified by the EBA’s implementation reviews. These Guidelines are central to the EBA’s work to lead, coordinate and monitor the fight against money laundering and terrorist financing, explained in the accompanying factsheet. The consultation runs until 5 May 2020. For more information please press here.
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Other Alerts
EIOPA
Consults on Review of technical implementation means for the package on Solvency 2 Supervisory Reporting and Public Disclosure
05 February 2020
The European Insurance and Occupational Pension Authority ("EIOPA") launched a Consultation Paper on proposals for Solvency II 2020 Review - Review of technical implementation means for the package on Solvency 2 Supervisory Reporting and Public Disclosure. For more information please press here.
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Market News
Reuters
Global stocks stumble toward best week since June
07 February 2020
"Nagging coronavirus worries took a swipe at world markets on Friday, though that wasn’t going to stand in the way of the best week for stocks since June and the strongest for the dollar since August." For more information please press here.
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Financial Times
Investors seek model to forecast effects of coronavirus
07 February 2020
"Market analysts turn to science and complex methods to forecast epidemic’s path." For more information please press here.
 
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Bloomberg
Oi
l heads for fifth weekly loss as demand concerns dominate
07 February 2020
"Oil headed for a fifth weekly loss as demand concerns grow in Asia and Europe, while OPEC+ awaited Russia’s response to its proposal to cut output further. Chinese refiners are processing 15% less crude than before the coronavirus outbreak, said people with knowledge of operations at the nation’s largest complexes. In Europe, French industrial production missed estimates, compounding a reduced demand outlook. Traders were also watching a meeting in Cairo over the weekend for signs of progress between warring factions in Libya, where oil exports are currently blockaded." For more information please press here.
 
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Bloomberg Professional
Corn set to breach $4, led by wheat; soybean, dollar headwinds
03 February 2020
"Increasing U.S. grain exports boost the agricultural sector’s price prospects, in our view. Trade agreements should boost corn above $4 bushel, with declining crude oil, the strong greenback and Brazil soybean supply as primary headwinds. Price pressure related to the coronavirus should be limited." For more information please press here.
 
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Cryptocurrencies
Bloomberg Professional
Bitcoin set to continue what it's been doing, just more slowly

 
05 February 2020
"The 2020 outlook for Bitcoin remains favorable, with a significant reversal in the past 10 years’ drivers unlikely, in our view. This year’s enthusiasm in some alt-coins is reflective of a bullish environment, but should subside as Bitcoin further distinguishes itself from most of the highly speculative and oversupplied minions. Simple rules of demand vs. supply are unfavorable for sustained alt-coin price appreciation in a market with plenty of competition." For more information please press here.
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Regulatory Reporting Solutions
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Treppides Regulatory Reporting offers extensive reporting solutions under EMIR, MIFID, CRD IV, FATCA, CRS, REMIT towards MiFID II / MiFIR and CRS in all EU/ESMA jurisdictions like Cyprus (CySEC) and UK (FCA) and soon will also comply with foreign jurisdictions such as ASIC DTR. 

Contact us directly at info@treppidesrr.com to discuss your tailor made solution.
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Finanz Audit Ltd
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Birkirkara, BKR 4012
Malta


Tel: +356 2010 8080
Fax: +356 2546 6103
Web: www.finanz-audit.com
Email: info@finanz-audit.com

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