Exemption from the requirement to publish a prospectus for the public offer of securities

The Cyprus Securities and Exchange Commission is undertaking a consultation process on the appropriate threshold for exemption from the requirement to publish a prospectus for the public offer of securities. Currently, following the repeal of articles 1 (2) (h) and 3 (2) (e) of the EU Prospectus  Directive (Directive 2003/71 / EC) and implementation of […]

Reduction of non-performing loans in the Cyprus banking sector

On 15 October the Central Bank of Cyprus (CBC) published its latest analysis of data on non-performing loans in the Cyprus banking sector, covering the period to 30 June 2018, showing aggregate non-performing facilities (NPFs) and related indicators for the domestic operations of credit institutions operating in Cyprus. Overseas operations are excluded. During the month […]