The Cyprus Securities and Exchange Commission (‘CySEC’) established a Temporary Permissions Regime (‘TPR’) which does not require physical presence in Cyprus for UK firms when providing investment services (including when performing investment activities) solely to professional clients per se and eligible counterparties, based in Cyprus, by virtue of the CySEC Directive DI87-04(2) and of Policy Statement PS-02-2020 (see here). A Press Release on the subject matter was issued on 22 December 2020 (see here).
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