Regulatory

CYSEC, EU & NON EU LICENSING & REGULATION

We can help you establish, license and register your Brokerage firm in Cyprus, or elsewhere, and provide you with a full range of support services

CYSEC, EU & NON EU ATHORISATIONS
Preparing an application for authorisation with the CySEC and other EU and non EU regulators is a decisive process. It’s the beginning of your relationship with the regulator and establishes your firm as credible and competent from the very beginning.

We can help you set up and develop your business model in the most cost efficient and compliance effective way thus minimizing expenses and achieving the best compliance results.

We work closely with you to understand your business and develop your customised “application package”, which includes among others your Regulatory Business Plan and Internal Procedures Manual.

We take responsibility for directing your application and ensuring your firm is presented to the CySEC and other EU & non EU regulators accurately and in the best possible way. We then steer you through the process of submitting your application to the relevant regulator and responding according to their enquiries, working closely with you until you receive the license.

For more details as to how can we help you, please contact us.

COMPLIANCE / AML OUTSOURCING & SUPPORT
Compliance advisory services are offered to regulated Investment Firms to ensure that they are compliant with the relevant on-going regulatory requirements. Compliance requirements inter alia include the EU Markets in Financial Instruments Directive (MiFID), Basel II & III, the European Markets Infrastructure Regulation (“EMIR”), the Foreign Account Tax Compliance Act (“FATCA”), the Alternative Investments Fund Managers Directive (“AIFMD”) and Anti-Money Laundering and prevention of Terrorist Financing services.

INTERNAL AUDIT
We provide Internal Audit Services to regulated entities that wish to outsource their Internal Audit function.

Today more than ever Company Boards are facing ongoing pressure from stakeholders to mitigate risk yet drive business performance. Internal Audit plays a vital role in providing objective assurance that protects the business against risk, informs strategic decision making and improves business performance. But many organisations do not have an Internal Audit function with sufficient expertise to step up to the challenge.

We help companies improve the value and performance of the Internal Audit function by providing solutions tailored to your needs. Whether you need outsourcing/co-sourcing, Internal Audit transformation or Internal Audit start-up assistance, we bring extensive knowledge of Internal Audit, along with sector specialists who know your industry and its technical risk areas.

RISK MANAGEMENT – ICAAP
We combine deep industry knowledge with specialized expertise in risk management, capital management, risk modeling and risk framework development:

  • Assess the adequacy and quality of the ICAAP processes
  • Conduct a detailed assessment of the Risk Governance Framework
  • Analyze the risk profile using a wide range of qualitative and quantitative risk measures across various risk categories
  • Compute the required level of Pillar II capital by aggregating material risks, adjusted to reflect the benefits of diversification.
  • Prepare the ICAAP documentation as per local regulatory guidelines
  • Establish/Review Corporate Governance principles and assist in deploying these principles
  • Develop a customized Stress Testing Framework and conduct Scenario Analyses
  • Structure risk profile simulations based on identified risk factors, for significant business units as well as for the bank as a whole for capital budgeting requirements

EMIR TRANSACTION REPORTING
In order to help you meet your reporting obligations, we are able to generate very efficiently the EMIR Reporting and offer it standalone at a very competitive pricing. We can help our clients to implement an automated solution for EMIR reporting.