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We researched and summarised for you, all recent regulatory updates from Cyprus and Europe, which are applicable for Regulated Companies operating in the Region.
We support our clients and associates by providing a comprehensive page with the recent circulars, directives, and guidance issued by the following Regulators:
02/05/2025 – C704 Analytical Guidance on Sustainable Finance Regulatory Framework- Investment Fund Managers' Perspective
The transition to a greener and more sustainable economy has become an increasingly important priority for the European Union in recent years. Recent Global Financial Stability reports by the International Monetary Fund (IMF) highlight the significant role that the global Collective Investment Funds industry can play in financing this transition and helping to mitigate some of the most dangerous effects of climate change through investments in sustainable or economically viable activities.
02/05/2025 – C705 Risk-Based Supervision Framework – Electronic submission of information for the year 2024 (Form RBSF-MC)
CySEC informs Regulated Entities about a new version of the Form, RBSF-MC Version 8 ('the Form'). It must be completed and successfully submitted to CySEC by all Regulated Entities that were authorised, appointed, or approved to act as External Fund Managers (in cases where the relevant legislation requires no authorisation) by December 31, 2024.
09/05/2025 -C706 Risk-Based Supervision Framework (the 'RBS-F') – Electronic submission of information for the year 2024 (Form RBSF-CIF)
CySEC informs all CIFs that information regarding the Risk-Based Supervision Framework ('RBS-F') will be collected through an updated, more comprehensive version of the Form RBSF-CIF (the 'Form'). The new version's scope is the collection of various statistical information. CySEC will use this information to conduct statistical analyses, risk management and other purposes.
02/05/2025 - The Prevention of Money Laundering and Terrorist Financing Directive of 2025
CBC announces the publication of the Prevention of Money Laundering and Terrorist Financing Directive of 2025 in the Official Gazette of the Republic of Cyprus dated 2 May 2025
06/05/2025 - Statistics on Interest Rates applied by Monetary Financial Institutions
CBC released statistics on the average interest rates applied by monetary financial institutions (MFIs) in Cyprus on deposits and loans of euro area residents in euro, as well as data regarding volumes (amounts) of new euro-denominated loans to euro area residents for the reference month of March 2025.
06/05/2025 - Aggregate Cyprus banking sector data (non-performing loans data) with reference date 28 February 2025
CBC published updated aggregate Cyprus banking sector data (non-performing loans data) with a reference date of 28 February 2025.
12/05/2025 - Interest rate data for deposits and loans for each credit institution (Available in GR)
CBC, to further enhance transparency, published detailed interest rate data for deposits and loans for each credit institution. The monthly publication of detailed interest rate data contributes to more accessible public information, providing households and businesses with direct access to more comprehensive data.
20/05/2025 - Investment Funds Statistics
CBC released the Investment Funds statistics for the reference month of March 2025.
30/05/2025 - Monetary Financial Institutions (MFIs) Deposits and Loans Statistics
CBC released the MFIs deposits and loans statistics for the reference month of April 2025, which are included in the May 2025 edition of Monetary and Financial Statistics.
02/05/2025 - Results of the March 2025 Survey on credit terms and conditions in euro-denominated securities financing and OTC derivatives markets (SESFOD)
ECB announced the results of the March 2025 Survey on credit terms and conditions with the following results: Price and non-price credit terms and conditions remained largely unchanged between December 2024 and February 2025 Financing rates/spreads and haircuts in securities financing transactions decreased across most asset classes Demand for funding secured against domestic government bonds decreased for the first time since 2021.
05/05/2025 - ECB opinion on a proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 575/2013 on prudential requirements for credit institutions as regards requirements for securities financing transactions under the net stable funding ratio
The Council of the European Union and the European Parliament requested the ECB to provide an opinion on proposed amendments to Regulation (EU) No 575/2013 concerning prudential requirements for credit institutions. These amendments focus specifically on securities financing transactions under the Net Stable Funding Ratio.
21/05/2025 - Rapidly shifting geopolitical environment could test euro area financial stability
ECB discusses the rapid shifting of the geopolitical environment, highlighting that shifts in global trade policy are increasing uncertainty and driving financial market volatility. Stretched valuations and low non-bank liquidity buffers make markets more vulnerable to shocks. Rising trade tensions may impact euro-area businesses and households, heightening credit risks for banks and non-bank institutions. Government finances could face pressure from higher defence spending, though this might also stimulate economic growth. These factors pose significant risks to financial market stability and broader economic conditions.
07/05/2025 - EBA updates technical standards on resolution planning reporting
EBA published its updated final draft implementing technical standards (ITS) on resolution planning reporting. This comprehensive review of the ITS on the provision of information for resolution plans aims to achieve full harmonisation of reporting requirements in the EU and avoid duplication of data requests, thereby reducing the cost of compliance with resolution planning reporting obligations for institutions. Proportionality has been a key driver of this regulatory product.
16/05/2025 - Final Report on Guidelines on high-risk
EBA published guidelines on the specification of types of exposures associated with high risk under Article 128(3) of Regulation (EU) No 575/2013. The standardised approach (SA) for determining the minimum capital requirements for credit risk assigns risk weights to be applied to the exposure amount based on the exposure class of a considered exposure.
22/05/2025 - EBA launches consultation on amended disclosure requirements for ESG risks, equity exposures and aggregate exposure to shadow banking entities
EBA launched a public consultation on proposed amendments to the European Commission’s Implementing Regulation on Pillar 3 disclosures under the CRR3. The proposal specifies enhanced and proportionate disclosure requirements related to ESG-related risks, equity exposures and aggregate exposure to shadow banking entities.
22/05/2025 - EBA publishes onboarding plan to implement the Pillar 3 data hub
EBA has published an onboarding plan for large and other institutions, outlining the steps required to access and submit information to the new Pillar 3 Data Hub (P3DH).
28/05/2025 - EBA releases the final technical package for its 4.1 reporting framework to support the identification and assessment of crypto asset providers and the Pillar 3 data hub
EBA published the final technical package for version 4.1 of its reporting framework. This package will support the assessment and identification of significant crypto asset providers. It will also support the centralisation of institutions’ prudential disclosures in the EBA Pillar 3 data hub, which shall facilitate access and usability of this information to all users, including institutions. This framework will apply as of the second half of 2025.
21/05/2025 - Call for evidence on the retail investor journey: Understanding retail participation in capital markets
The purpose of this Call for Evidence (CfE) is to gather input from stakeholders on key aspects of the investor journey, particularly the MiFID II regulatory requirements that impact retail investors when engaging with capital markets. The CfE seeks to assess whether these requirements effectively support investor protection while also ensuring accessibility and ease of engagement.
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