Updates

"Personal Income Tax: Benefits in Kind and the New National Health Scheme" External training presented by Savvia Stavrou, Tax Director of K. Treppides & Co Ltd. 

The Financial Conduct Authority ("FCA"), has published two further consultations to prepare for the UK's exit from the EU.

The Cyprus Securities and Exchange Commission ("the CySEC") published the review in accordance with the quality of data reported to Trade Repositories, under Article 9(1) of EMIR by Cyprus Investment Firms ("CIFs'). 

We would like to inform you that as per the Decree No. 376/2018 published on the official Gazette of the Republic, the public interest rate imposed on any overdue or refundable taxes has been decreased from 3.5% per annum to 2% per annum.

The European Banking Authority ("EBA") published a response to a letter it had received from a law firm regarding the case of a reclassification by an institution of some specific grandfathered own funds instruments.

The European Banking Authority ("EBA") published some initial observations on the post-implementation impact of IFRS 9 on EU banks.

Treppides Group presence in Malta grants exceptional expertise in Blockchain Technology by Cosmas Cosma, Principal.

Savvas Rigas, Partner of K. Treppides & Co, presented the Cypriot Payment Institutions and Electronic Money Institutions.

The European Insurance and Occupational Pensions Authority ("EIOPA") published the report on the Evaluation of the Structure of Insurance Intermediaries Markets in Europe in accordance with Article 41(5) of the Insurance Distribution Directive ("IDD").

CBC introduce sharpers rules against the so-called “Shell and Letterbox Companies" by Andreas Vladimirou, Senior Manager.

The European Securities Markets and Authority is launching the process to renew the Consultative Working Group ("CWG") of the Financial Innovation Standing Committee ("FISC").

The Financial Conduct Authority ("FCA") publishes its EU Withdrawal Impact Assessment. 

The European Securities and Markets Authority ("ESMA") is publishing this Public Statement to address the risks of a no-deal Brexit scenario in the area of central clearing.

The 4th International Fund Summit was organized by CIFA and took place from the 11 November until the 13 November 2018 at Hilton Park Nicosia.

Auditing and Renewable Sources of Energy in Cyprus by Helen Papatheocharous, Director.

The European Securities and Markets Authority ("ESMA") has published its first annual report.

We would like to bring to your attention that the second installment of temporary tax for the year 2018 is due by 31 December 2018.

The Financial Conduct Authority ("FCA") has issued final guidance that clarifies its expectations about the handling of certain regular premium payment protection insurance ("PPI") complaints.

Brexit – Deal or No Deal? by Costas Loizou, Principal.

Mandatory disclosure rules: the calm before the storm by Marilena Nicolaou, Principal.

Strong Growth Prospects Continue to Attract International Investment. 

George P Nicolaou to offer insight on viable solutions for EU fund structuring and distribution

Co-working spaces and Entrepreneurship- by Kyriakos Heracleous, Senior Manager.

Taxation in a Digital Economy- by Savvia Stavrou, Director.

The European Banking Authority ("EBA") published its final Guidelines on management of non-performing and forborne exposures. 

The Financial Conduct Authority (FCA) has today published an update on the progress of its payment protection insurance (PPI) consumer communications campaign and supporting supervisory work.

The European Securities and Markets Authority ("ESMA") publishes its first Annual Statistical Report ("Report") on the European Union's ("EU") derivatives markets.

The Governing Council agreed to maintain the current monetary policy stance at its September monetary policy meeting. 

The aim of the European Central Bank ("ECB") Macroprudential Bulletin is to raise awareness of macroprudential policy issues in the euro area by bringing greater transparency to the ECB's ongoing work and thinking in this field.

The Financial Conduct Authority ("FCA") has published a Decision Notice Concerning Linear Investments Limited.