Navigating New Reporting Standards: CySEC’s Guidance for Cyprus Investment Firms

by News Editor

April 8, 2025

The Cyprus Securities and Exchange Commission (CySEC) has released an essential update aimed at all Cyprus Investment Firms (CIFs) on how to report cross-border investment activities within the European Economic Area (EEA) for the coming year.

This change, built on Circular C694 under section 25(1)(c)(ii) and (iii) of the CySEC Law, aligns with broader European initiatives spearheaded by the European Securities and Markets Authority (ESMA). Prime focus is on CIFs extending their services beyond national borders to countries like Norway, Iceland, and Liechtenstein.

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Key Reporting Requirements

CIFs must complete an online questionnaire for activities between January 1 and December 31, 2024, particularly if more than 50 retail clients are involved. Services under the “freedom to provide services” must be reported, excluding those provided through local branches.

Reporting of inactive clients is not needed unless they still generate revenue despite inactivity. Each host member state with significant client activity requires a separate submission, excluding Cyprus as a home state from this requirement.

The deadline for these submissions is May 26, 2025, with an email and password necessary to access the reporting platform. Important: Preserve submission confirmations as evidence of compliance.

Consequences Of Non-Compliance

CySEC warns that failing to adhere to these guidelines could result in administrative penalties. There will be no reminders for missing submissions—CIFs must ensure their reporting is on time and accurate.

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Bank Of England Holds Rates At 3.75% In Split Vote As Inflation Risks Rise

by THEFUTURE.TEAM

September 17, 2026

The Bank of England kept its benchmark interest rate at 3.75% on Thursday, but the decision was not unanimous. In a 6-3 vote, the Monetary Policy Committee kept rates unchanged, while three members backed a 25-basis-point increase to 4%. Renewed energy price pressures have added to concerns that inflation could remain elevated.

Inflation Pressures Remain

Policymakers said inflation “is likely to rise further over coming quarters,” citing higher and more volatile crude oil and refined energy prices since the conflict began.

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So far, there has been “little evidence” of significant second-round effects, such as broader wage and price increases. Inflation risks, however, are now “tilted to the upside” and have increased since the July Monetary Policy Report.

Energy Prices Add To Inflation Risks

Brent crude has risen 36% since July, reaching $106 a barrel on Sept. 14, while UK wholesale gas prices increased 78% to 207 pence per therm.

Higher energy costs can feed into transport, production and household expenses, raising costs across supply chains. Refinery pressures have also pushed crack spreads, the difference between refined fuel and crude prices, well above pre-conflict levels.

Economy Shows Resilience

Despite the inflation risks, UK economic activity has held up slightly better than the Bank expected. A softer labor market and higher borrowing costs are expected to help reduce inflation over time.

Previous monetary tightening is still working through the economy, according to policymakers. So far, the latest energy shock has not produced clear evidence of a broader wage-price spiral.

Major Central Banks Take Different Paths

The decision comes during a busy period for global monetary policy. The Federal Reserve raised rates Wednesday to 3.75%-4% in its first increase since 2023, while the European Central Bank recently lifted its deposit rate to 2.5%.

The Bank of Japan is due to announce its decision Friday, with markets expecting a rate increase. Thursday’s split vote shows that pressure for tighter policy remains within the Bank of England’s Monetary Policy Committee.

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