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ICAS
October Newsletter - Issue 38/2019
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Take Action
CySEC
Guidelines on complaints-handling for the securities sector – Handling of client’s complaints by CIFs (Updated)
07 October 2019
The Cyprus Securities and Exchange Commission (“CySEC”) wishes, with this circular, to inform the Cyprus Investment Firms (“CIF”) that the European Securities and Markets Authority (“ESMA”) and the European Banking Authority (“EBA”), have reissued on October 4th 2018, the guidelines on complaints-handling for the securities and banking sectors (“Guidelines”), (JC 2018 35) in order for the Guidelines to apply to additional financial market participants.
Circular: C338
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CySEC
Financial Action Task Force (FATF) Guidance on Terrorist Financing Risk
Assessment
07 October 2019
The Financial Action Task Force ("FATF") has released its new Terrorist Financing Risk Assessment Guidance (the Guidance) which builds on the previous “FATF Guidance on National Money Laundering and Terrorist Financing Risk Assessments” (2013). 
 
Circular: C339
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CySEC
Management Companies and Self-Managed Funds Quarterly Statistics –
 Revised Form 
09 October 2019
The present Circular is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (‘the CySEC Law’). The CySEC wishes to inform Regulated
Entities regarding the Management Companies and Self-Managed Funds Quarterly Statistics revised form. 
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Circular: C340
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CySEC
ESMA Guidelines for the assessment of knowledge and competence
09 October 2019
The CySEC wishes to remind the regulated entities of the ESMA Guidelines for the assessment of knowledge and competence, no. ESMA71-1154262120-153 EN (rev) (‘the Guidelines’), which were applicable as of 3 January 2018 and which CySEC have adopted by incorporating them into
its supervisory practices.  
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Circular: C341
Announcements
ESMA
MIFID II: ESMA Issues latest double volume CAP data
07 October 2019
The ESMA has updated its public register with the latest set of double volume cap ("DVC") data under the Markets in Financial Instruments Directive ("MiFID II"). For more information please press here.
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EIOPA
Launches field test on revised and new templates under Solvency II reporting and disclosure review 2020
09 October 2019
The European Insurance and Occupational Pensions Authority (EIOPA) launched - as part of the 2020 Solvency II reporting and disclosure review – Wave 1 - a field test on the revised and newly proposed templates. As indicated in the context of the consultation on supervisory reporting and public disclosure the revision covers both content and structure of different templates. For more information please press here.
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Other Alerts
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FCA
Urges remaining victims of Churchgate Trading Syndicate to get in touch
08 October 2019
The Financial Conduct Authority (FCA) urges members of the public who lost money in an unauthorised scheme called the Churchgate Trading Syndicate and who may be eligible to receive some of their money back, to get in contact with the FCA. For more information please press here.
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Market News
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Bloomberg Professional
Pressure mounts for firms to revamp their processes and practices
10 October 2019
"Over the past year, Asia’s fund management sector has been subject to a number of different regulations from both domestic and international regulators. Regulators in Hong Kong and Singapore are beginning to establish domestic regulation to ensure greater transparency as well as a customer-centric approach to trade execution."  For more information please press here.
 
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Bloomberg 
No-Deal Brexit Would Cost Ireland 73,000 Jobs, Central Bank Says
11 October 2019
"A no-deal Brexit would cost Ireland more than 73,000 jobs over the next two years, the nation’s central bank said.

If the U.K. tumbles out of the European union without agreement, Ireland’s unemployment rate will rise to 5.8% in 2020 and 6.9% in 2021, the bank forecast in its quarterly bulletin in Dublin on Friday. An accord would mean a much lower rate, below 5% in both years." For more information please press here.
 
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Financial Times
Why investors see inflation as a very British problem
10 October 2019
"Brexit fears and pension fund buyers keep UK the odd one out." For more information please press here.
 
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Reuters
REFILE-PRECIOUS-Gold inches lower as Trump's remarks boost trade talk hopes
11 October 2019
"Gold prices edged lower on Friday as U.S. President Donald Trump’s remarks on progress in Sino-U.S. trade talks lifted risk appetite, while palladium was set to end a three-day winning streak after touching a record high in the previous session." For more information please press here.
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Cryptocurrencies
MarketWatch
SEC rejects latest proposal to create bitcoin ETF
09 October 2019
"Once again, the Securities and Exchange Commission has rejected a proposal to create a bitcoin-backed ETF.

In a statement Wednesday, the SEC said the proposed exchange-traded fund from Bitwise Asset Management and NYSE Arca did not meet standards to prevent fraud and market manipulation." 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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