CySEC
Variable Capital Investment Companies – changes in the Constitutional Documents
01 September 2022 The Cyprus Securities and Exchange Commission (the “CySEC”) wishes herein to remind all the Regulated Entities that the Department of the Registrar of Companies and Intellectual Property, with an announcement dated November 25, 2021, notified the publication of the Companies (Amendment) Act of 2021 (N.150(I)/2021) in the Official Gazette of the Republic of Cyprus, which introduced specific provisions regarding Variable Capital Investment Companies ("VCIC").
EBA
Calls for more proactive engagement between supervisors in anti-money laundering and counter terrorist financing colleges
01 September 2022
"The European Banking Authority ("EBA") published its second report on the functioning of AML/CFT supervisory colleges in the EU. The Report finds that, although competent authorities are committed to implementing the AML/CFT colleges framework, they need to do more to ensure ongoing collaboration and proactive information exchange within colleges. "For more information please press here.
ESMA
Russian war adds uncertainty and volatility to EU Financial Markets
01 September 2022
"The European Securities and Markets Authority ("ESMA"), the EU’s securities markets regulator, publishes the second Trends, Risks and Vulnerabilities ("TRV") Report of 2022. The Russian war on Ukraine against a backdrop of already-increasing inflation has profoundly impacted the risk environment of EU financial markets, with overall risks to ESMA’s remit remaining at its highest level." For more information please press here.
Market News
Bloomberg
World food prices extend decline as supply uptick offers relief
02 September 2022
"Global food prices fell for a fifth month after demand for some products weakened and there was a seasonal uptick in supplies. Wheat harvests in the northern hemisphere are helping ease supply constraints, while more grain trickles out of ports in Ukraine. A United Nations index of world food costs dropped 1.9% in August from the previous month, data showed Friday. The index remained at the lowest level since January." For more information please press here.
Reuters
Indian rupee seen lower after dollar surge; U.S. jobs data eyed
02 September 2022 "The Indian rupee is expected to open lower against the U.S. currency on Friday, after the dollar index climbed to its highest level in 20 years, ahead of the critical U.S. jobs report." For more information please press here.
Financial Times
European shares rise ahead of closely watched US jobs report
02 September 2022 "Investors hope labour market data will offer clues on US monetary policy." For more information please press here.
Cryptocurrencies
Financial Times Binance looks to bolster lead in crypto market with free trading
01 September 2022
"World's biggest digital asset exchange gives up fee income to bring users on to its platform. Crypto exchange Binance is ramping up efforts to grab market share by expanding its free trading to include popular token ether, ahead of one of the most anticipated events in the crypto market’s short history." For more information please press here.
Regulatory Reporting Solutions
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.
