CySEC suggests possible Brexit impact on the activities and services of Cyprus Investment Firms

The Cyprus Securities and Exchange Commission (CySEC) requested the Cyprus Investment Firms (CIFs) to report to CySEC on the likely implications that Brexit will have on their activities and services, including any suggestions for adopting immediate measures to eliminate their respective impact.

CIFs are therefore advised to look at their business model structure, services and activities in order to consider and analyse the potential impact of a post-Brexit world.

CIFs are requested to submit their anticipated Brexit impacts and respective remedial measures through CySEC’s web portal as a free text by the end of business on 28 April 2017.

The documents should have the following title: «C201 – The impact of the UK’s exit from the EU on the activities and services of Cyprus Investment Firms».

The complete announcement can be seen here.

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