The Central Bank of Cyprus announced that in consultation with the Cyprus Securities and Exchange Commission it has decided that no Cyprus Investment Firms (CIFs) fall under the definition of Other Systemically Important Institutions (O-SIIs).
According to a CBC announcement, this decision was taken following the annual review of the identification of CIFs falling under the definition of O-SII institutions, which was completed on 23 December.
"Based on the review, the CBC has decided that no CIFs may fall within the definition of O-SII institutions," the CBC said, adding that the decision was taken in consultation with the Cyprus Securities and Exchange Commission.
(CNA)
CNA
Contents of this article including associated images are owned by CNA
Views & opinions expressed are those of the author and/or CNA
Source
