Copy
ICAS
March Newsletter - Issue 61/2020
divider
Take Action
CySEC
Regulation (EU) 2015/2365 on transparency of securities financing
transactions and of reuse ("SFTR") – Postponement of the reporting
obligation related to securities financing transactions ("SFTs")
19 March 2020
Following Circular C346, relating to SFTR, the Cyprus Securities and Exchange Commission ("the CySEC"), herein, wishes to inform the Regulated Entities that the reporting obligation related to SFTs is postponed. 
Circular: C366
divider
CySEC
Reporting/notification deadlines amid the impact of COVID-19
17 March 2020
The CySEC wishes, with this Circular to inform the Cyprus Investment Firms (the "CIFs") that CySEC acknowledges the material challenges to the CIFs’ operations due to the outbreak of the coronavirus ("COVID-19") in Cyprus and recognises that this may prevent a number of CIFs from submitting relevant reports/notifications to CySEC within the required timeframes. 
Circular: C365
divider
divider
CySEC
Risk Based Supervision Framework – Electronic submission of information
for the year 2019 (Form RBSF-ASP) – Change of Deadline
17 March 2020
The present Circular is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law of 2009, as amended ("the CySEC Law"). The CySEC, following Circular C354 issued on February 27, 2020 and following the developments related to the COVID-19 disease 2019, wishes to inform ASPs, that the deadline of the submission of the Form RBSF-ASP, is extended by two months later. 
Circular: C364
divider
Announcements
FCA
Sets out expectations for general insurance firms during coronavirus ("Covid-19") pandemic
19 March 2020
The Financial Contact Authority ("FCA") has set out expectations for general insurance firms and provided information for consumers about what they should see from their insurance provider during the COVID-19 pandemic. For more information please press here.
divider
ESMA
Requires net short position holders to report positions of 0.1% and above
16 March 2020
The European Securities and Markets Authority ("ESMA") has issued a decision temporarily requiring the holders of net short positions in shares traded on a European Union ("EU") regulated market to notify the relevant national competent authority ("NCA") if the position reaches or exceeds 0.1% of the issued share capital after the entry into force of the decision. For more information please press here.
divider
Other Alerts
ESMA
Issues positive opinions on bans on net short positions by Belgian FSMA and Greek HCMC
19 March 2020
The ESMA has issued official opinions agreeing to emergency net short positions prohibitions by the Financial Securities and Markets Authority ("FSMA") of Belgium and the Hellenic Capital Market Commission ("HCMC") of Greece. For more information please press here.
divider
Market News
Reuters
Asia shares rally after rout; U.S., European futures higher
20 March 2020
"Asian shares made a partial comeback from a global rout on Friday but still nursed massive losses for the week, while bonds rallied and oil extended its gains." For more information please press here.
divider
Financial Times
Analysts point finger at ‘risk parity’ strategy in market rout
20 March 2020
"Funds are designed to perform well at all times but some say they exacerbate sell-offs." For more information please press here.
 
divider
Bloomberg
Stocks climb with U.S. equity futures; bonds rise: Markets Wrap
19 March 2020
"U.S. equity futures climbed on Friday along with stocks and bonds globally as investors reviewed the unprecedented government measures to shield jobs and economies from the accelerating coronavirus pandemic. The dollar halted an eight-day rally." For more information please press here.
 
divider
Bloomberg Professional
Stranded containers hamper global trade
18 March 2020
"It’s going to take a much bigger boat and much more time to repair the global supply chain. As trade seizes up around the world, ships and containers are in the wrong places. The availability of cargo containers at Hamburg, Rotterdam and Antwerp in Europe and Long Beach and Los Angeles in the U.S. are at the lowest levels recorded. In addition, the destruction of consumer demand in Europe and North and South America means the backlog could continue." For more information please press here.
 
divider
Cryptocurrencies
Bloomberg
Bitcoin may need months to recover, Fundstrat Chartist says
20 March 2020
"Bitcoin’s technicals are in rough shape after its spectacular tumble last week and a recovery might take months, according to Fundstrat Global Advisors LLC. The largest cryptocurrency is trading about 40% below its mid-February high, with a particularly notable drop between March 12 and 13, when it lost more than $3,000 in about 16 hours. Now it has broken below its 2015-2020 uptrend, leaving its price action “badly compromised,” according to technical strategist Rob Sluymer. This has all been happening as assets from stocks to bonds and currencies struggle to factor in the huge hit to global growth coming from the coronavirus." For more information please press here.
divider
Regulatory Reporting Solutions
divider
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.
divider

Nicosia

Treppides Tower
9 Kafkasou Street
Aglantzia
Nicosia, CY 1642
Cyprus
P.O.Box 27142

Tel:  +357 22 678944
Fax: +357 22 681887

Web: www.treppides.com

London

Treppides Advisers Ltd
Milner Street,
London, SW3 2QA,
United Kingdom


Tel: +44 20 7569 6756
Fax: +44 20 7569 6757
Web: www.treppidesadvisers.co.uk Email: info@treppidesadvisers.co.uk

 

 

Limassol


38 Andrea Kariolou Street
Ayios Athanasios 
Limassol, CY 4102
Cyprus

 

Tel:  +357 25 822722
Fax: +357 25 822723
Web: www.treppides.com

Malta

Finanz Audit Ltd
Level 1, Somnium
Tower Road, Swatar
Birkirkara, BKR 4012
Malta


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

Email Us

Copyright © K. Treppides & Co Ltd, All rights reserved.

Copyright © 2020 K.Treppides & Co Ltd, All rights reserved.


Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

Email Marketing Powered by Mailchimp
divider