Suspension of the Cyprus Securities and Exchange Commission’s “fast-track” procedure for applications for authorisation of Cyprus Investment Firms

In November 2015 the Cyprus Securities and Exchange Commission (“CySEC”) introduced a “fast-track” procedure to expedite the examination and determination of applications for authorisation of entities it regulates, which involved paying a supplementary fee that would be used to finance overtime payments to employees of CySEC who would examine the applications outside their normal working […]