October Newsletter - Issue 42/2021
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United Nations Security Council Resolutions or Decisions (Sanctions) and the European Union Council’s Decisions and Regulations (Restrictive Measures
21 October 2021
Through this Circular, the Cyprus Securities and Exchange Commission (‘CySEC’), would like to inform the Regulated Entities that section “Sanctions/Restrictive Measures” has been added on CySEC’s website under ‘Regulatory Framework’. It includes information and notifications regarding compliance with the provisions of the United Nations (UN) Security Council Resolutions or Decisions (Sanctions) and the European Union (EU) Council’s Decisions and Regulations (Restrictive Measures). For more information please press 
Circular: 474
Replies to the European Commission’s call for advice on funding in resolution and insolvency as part of the review of the crisis management and deposit insurance framework
22 October 2021
The European Banking Authority (EBA) published its advice to the EU Commission on funding in resolution and insolvency as part of the review of the crisis management and deposit insurance (CMDI) framework. The EBA response provides a quantitative analysis on banks’ capacity to access available sources of funding under the current framework and under various creditor hierarchies, and with regards to the minimum requirement for own funds and eligible liabilities (MREL). For more information please press 
Market News
ECB Seen Boosting QE Flexibility to Smooth Exit From Crisis Tool
22 October 2021
"The European Central Bank will supercharge its regular bond-buying program before pandemic purchases run out in March, according to economists surveyed by Bloomberg. Policy makers will increase the pace of their standard tool next year and make it more flexible to be able to better address market stress, respondents said. They also predict the ECB will start phasing out its emergency plan in December, and one in four say it could be followed by a new program. No policy shifts are expected at next week’s Governing Council meeting." For more information please press 
Markets Bet Inflation Is Hot Enough to Spur Reluctant Rate Hikes
22 October 2021
"Investors are stepping up bets that the world’s key central banks will raise interest rates sooner than they’d planned, and faster than they’d like. Global bonds are headed for their worst year since 2005, according to a Bloomberg index, with traders seeing rate hikes in the pipeline across developed economies. That’s because they think central bankers, who’ve been counseling patience ever since Covid-19 arrived, are changing course. Policy makers now sound more worried that pandemic inflation will stick around -- and more willing to boost borrowing costs in order to stamp it out." For more information please press 
Asian tech shares jump, China property stocks rally as Evergrande makes payment
22 October 2021
"Tech stocks climbed in Asia on Friday, following U.S. peers higher, while Chinese property stocks rallied following a surprise interest payment by debt-ridden property developer China Evergrande Group. Meanwhile cyclical stocks dragged amid worries that central bankers will need to tighten monetary policy into slowing growth in order to tackle persistent inflation." For more information please press 
First Bitcoin ETF Is Already in Danger of Breaching a Limit on Futures Contracts
21 October 2021
"Just days after launch, the first U.S. Bitcoin futures exchange-traded fund risks becoming too popular for its own good. The Proshares Bitcoin Strategy ETF (ticker BITO) is already on track to breach a limit on the number of futures contracts it is permitted to hold by the Chicago Mercantile Exchange, according to data compiled by Bloomberg. After two days trading BITO owns nearly 1,900 contracts for October, and CME rules cap the number of front-month contracts one entity can own to 2,000. " For more information please press 
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. 

Contact us directly at to discuss your tailor made solution.


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