We summarise below the most recent guidelines and directives published by CySEC which highlight the most common deficiencies and wekanessses identifiied durnig desktop or fieldwork compliance review.
Compliance Function
Common deficiencies and good practices identified through desk- based reviews regarding certain aspects of the compliance function requirements of the Investment Services and Activities and Regulated Markets Law (‘the Law’):
CySEC’s Data collection exercise
Updates regarding the new prudential framework for Investment Firms (IFD/IFR) and CySEC’s Data collection exercise:
AML / Compliance Function
Findings of the assessment of Compliance Officers’ Annual Reports and the Internal Audit Reports on the prevention of money laundering and terrorist financing:
AML Deficiencies
Common weaknesses/deficiencies and good practices identified during the onsite inspections performed in relation to the prevention of money laundering and terrorist financing:
MiFIDII Guidelines
ESMA Guidelines (ESMA35-36-1952) on certain aspects of the MiFID II compliance function requirements:
Clients Funds
Enhancement of procedures regarding safeguarding of clients funds held by CIFs:
Διασφάλιση των κεφαλαίων πελατών
Ενίσχυση των διαδικασιών αναφορικά με τη διασφάλιση των κεφαλαίων πελατών από τις ΚΕΠΕΥ:
IFD/ IFR Updates
Updates for the new prudential framework of Investment Firms (IFD/IFR):
Compliance Function Deficiencies
AML Findings
AML Common weaknesses/deficiencies
MiFID II compliance function requirements
ESMA Guidelines (ESMA35-36-1952) on certain aspects of the MiFID II compliance function requirements
IN GREEK
Ενίσχυση των διαδικασιών αναφορικά με τη διασφάλιση των κεφαλαίων πελατών από τις ΚΕΠΕΥ