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Renewal of registrations in the Public Register of Certified Persons for investment and similar services

The Cyprus Securities and Exchange Commission ("CySEC") has recently issued a reminder regarding the renewal of registrations in the Public Register of Certified Persons of employees of regulated investment firms, credit institutions, management companies and variable capital investment companies. CySEC is responsible for their authorisation and registration under the Investment Services and Activities and Regulated Markets (Amending) Law of 2012 and the relevant procedures are set out in CySEC Directive R.A.D. 174/2015.

Registered individuals are required to renew their registration before the end of February each year by submitting the prescribed form, accompanied by the prescribed fee and a declaration of continued professional training. Individuals who were registered for the first time in 2015 are not required to renew their registration for 2016, and will have to renew their registration for the first time in 2017.