Copy
ICAS
March Newsletter - Issue 10/2023
Take Action
CySEC
EU Council's Restrictive Measures against Russia due to its military aggression against Ukraine – Tenth sanctions package
06 March 2023
Further to the notifications sent, dated 28 February 2023, via the RSS Service from the "Sanctions/Restrictive Measures" section of the Cyprus Securities and Exchange Commission’s ("CySEC") website, regarding the Tenth sanctions package adopted by the Council of the European Union ("EU Council") against Russia due to its military aggression against Ukraine, CySEC wishes to draw the attention of the Regulated Entities to the new reporting obligations, following the amendments of Article 8 of Council Regulation (EU) No. 269/2014 and Article 5a of Council Regulation (EU) No. 833/2014, as published in the Official Journal of the European Union, dated 25 February 2023.
Circular 551
Announcements
EIOPA
Publishes corrected updated representative portfolios to calculate volatility adjustments to the Solvency II risk-free interest rate term structures for 2023
09 March 2023
"The European Insurance and Occupational Pensions Authority ("EIOPA") published corrected updated representative portfolios that will be used for calculation of the volatility adjustments ("VA") to the relevant risk-free interest rate term structures for Solvency II. EIOPA will start using these updated representative portfolios for the calculation of the VA end of March 2023, which will be published at the beginning of April 2023." For more information please press 
here.
Market News
Bloomberg
Singapore’s central bank boosted gold reserves 30% in January
10 March 2023
"Singapore boosted its gold reserves by about 30% in January, joining central banks from China to Turkey in building up holdings of the precious metal. The Monetary Authority of Singapore’s bullion reserves rose to 6.4 million fine troy ounces, or 199 tons, at the end of January, up from 4.9 million ounces a month earlier, a spokesperson for the central bank said in response to emailed questions. The total value of its bullion was $4.5 billion at the end of the period, the authority said." For more information please press 
here.
Financial Times
European and Asian stocks rattled after sell-off in US bank shares
10 March 2023
"European and Asian equities tumbled at the open on Friday as fears over the health of banks’ bond portfolios compounded investors’ nervousness ahead of the publication of key US economic data. The region-wide Stoxx 600 fell 1.6 per cent, Germany’s Dax dropped 1.8 per cent and France’s Cac 40 was down 1.9 per cent. London’s FTSE 100 fell 1.6 per cent. European banks were hardest hit, with the Stoxx bank index down 4.8 per cent." For more information please press here.
Reuters
Polish central bank governor hopes to cut rates in fourth quarter
09 March 2023
"The National Bank of Poland could cut interest rates in the fourth quarter of 2023, Poland's central bank governor said on Thursday, adding that he expected inflation to fall into single digits around September." For more information please press here.
Cryptocurrencies
MarketWatch
Bitcoin’s price falls. Cryptos are getting pinched from all sides
08 March 2023
"Bitcoin and other cryptocurrencies slipped Wednesday, with digital assets getting pinched on multiple fronts amid regulatory and macroeconomic pressures that have slammed prices and reversed a weeks-long rally. The price of Bitcoin has fallen more than 1.5% over the past 24 hours, hovering around $22,000 and plunging below $21,900 - its lowest in weeks - in the trough of recent trading." For more information please press 
here.
Regulatory Reporting Solutions
Treppides Regulatory Reporting offers extensive reporting solutions under IFR/ IFD, FATCA, CRS, REMIT towards MiFID II / MiFIR and CRS in all EU/ESMA jurisdictions like Cyprus (CySEC) and UK (FCA) and soon will also comply with foreign jurisdictions such as ASIC DTR. 

Contact us directly at info@treppidesrr.com to discuss your tailor made solution.

Nicosia

Treppides Tower
9 Kafkasou Street
Aglantzia
Nicosia, CY 1642
Cyprus
P.O.Box 27142

Tel:  +357 22 678944
Fax: +357 22 681887

Web: www.treppides.com

London

Treppides Advisers Ltd
Milner Street,
London, SW3 2QA,
United Kingdom


Tel: +44 20 7569 6756
Fax: +44 20 7569 6757
Web: www.treppidesadvisers.co.uk Email: info@treppidesadvisers.co.uk

 

 

Limassol


38 Andrea Kariolou Street
Ayios Athanasios 
Limassol, CY 4102
Cyprus

 

Tel:  +357 25 822722
Fax: +357 25 822723
Web: www.treppides.com

Malta

Finanz Audit Ltd
Level 1, Somnium
Tower Road, Swatar
Birkirkara, BKR 4012
Malta


Tel: +356 2010 8080
Fax: +356 2546 6103
Web: www.finanz-audit.com
Email: info@finanz-audit.com

Email Us

Copyright © K. Treppides & Co Ltd, All rights reserved.

Copyright © 2023 K.Treppides & Co Ltd, All rights reserved.


Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

Email Marketing Powered by Mailchimp