𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐞𝐧𝐭𝐫𝐞 𝐟𝐨𝐫 𝐒𝐞𝐭𝐭𝐥𝐞𝐦𝐞𝐧𝐭 𝐨𝐟 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐃𝐢𝐬𝐩𝐮𝐭𝐞𝐬 (𝐈𝐂𝐒𝐈𝐃 𝐨𝐫 𝐭𝐡𝐞 𝐂𝐞𝐧𝐭𝐫𝐞) 𝐂𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧 - ☘️ The International Centre for Settlement of Investment Disputes (ICSID or the Centre) is established by the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention or the Convention). ☘️The Convention was formulated by the Executive Directors of the International Bank for Reconstruction and Development (the World Bank). On March 18, 1965, the Executive Directors submitted the Convention, with an accompanying Report, to member governments of the World Bank for their consideration of the Convention, with a view to its signature and ratification. ☘️The Convention entered into force on October 14, 1966, when it had been ratified by 20 countries. In accordance with the provisions of the Convention, ICSID provides facilities for conciliation and arbitration of investment disputes between Contracting States and nationals of other Contracting States. The provisions of the ICSID Convention are complemented by Regulations and Rules adopted by the Administrative Council of the Centre pursuant to Article 6(1)(a)–(c) of the Convention (the ICSID Regulations and Rules). ☘️The ICSID Regulations and Rules comprise the ICSID Administrative and Financial Regulations; the ICSID Institution Rules; the ICSID Conciliation Rules; and the ICSID Arbitration Rules. The latest amendments of the ICSID Regulations and Rules adopted by the Administrative Council of the Centre came into effect on July 1, 2022. ☘️Reprinted in this booklet are the ICSID Convention, the Report of the Executive Directors of the World Bank on the Convention, and the ICSID Regulations and Rules as amended effective July 1, 2022 #icsid #rules #regulation #worldbank #report #amendments #adroit #adr #arbitration #convention #middleeast #uae
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☘️Reprinted in this booklet are the ICSID Convention, the Report of the Executive Directors of the World Bank on the Convention, and the ICSID Regulations and Rules as amended effective July 1, 2022
𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐞𝐧𝐭𝐫𝐞 𝐟𝐨𝐫 𝐒𝐞𝐭𝐭𝐥𝐞𝐦𝐞𝐧𝐭 𝐨𝐟 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐃𝐢𝐬𝐩𝐮𝐭𝐞𝐬 (𝐈𝐂𝐒𝐈𝐃 𝐨𝐫 𝐭𝐡𝐞 𝐂𝐞𝐧𝐭𝐫𝐞) 𝐂𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧 - ☘️ The International Centre for Settlement of Investment Disputes (ICSID or the Centre) is established by the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention or the Convention). ☘️The Convention was formulated by the Executive Directors of the International Bank for Reconstruction and Development (the World Bank). On March 18, 1965, the Executive Directors submitted the Convention, with an accompanying Report, to member governments of the World Bank for their consideration of the Convention, with a view to its signature and ratification. ☘️The Convention entered into force on October 14, 1966, when it had been ratified by 20 countries. In accordance with the provisions of the Convention, ICSID provides facilities for conciliation and arbitration of investment disputes between Contracting States and nationals of other Contracting States. The provisions of the ICSID Convention are complemented by Regulations and Rules adopted by the Administrative Council of the Centre pursuant to Article 6(1)(a)–(c) of the Convention (the ICSID Regulations and Rules). ☘️The ICSID Regulations and Rules comprise the ICSID Administrative and Financial Regulations; the ICSID Institution Rules; the ICSID Conciliation Rules; and the ICSID Arbitration Rules. The latest amendments of the ICSID Regulations and Rules adopted by the Administrative Council of the Centre came into effect on July 1, 2022. ☘️Reprinted in this booklet are the ICSID Convention, the Report of the Executive Directors of the World Bank on the Convention, and the ICSID Regulations and Rules as amended effective July 1, 2022 #icsid #rules #regulation #worldbank #report #amendments #adroit #adr #arbitration #convention #middleeast #uae
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🚩 Attention to Cyprus Investment Firms (CIFs) 📣 CySEC informs that it has adopted the EBA Guidelines on the application of the group capital test for investment firm groups in accordance with Article 8 of Regulation (EU) 2033/2019 [IFR] by incorporating them into its supervisory practices and regulatory approach. 📍 The Guidelines apply from 01/01/2025. Read More 👇 https://lnkd.in/gdphhc_w #cyprusinvestment #CIF #EBA #guidelines #reporting #supervision #Cyprus #investments
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The objective of this SEBI consultation paper is to gather public feedback on proposed revisions to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations), specifically focusing on corporate governance norms for High Value Debt Listed Entities (HVDLEs). The paper invites comments, views, and suggestions from stakeholders regarding potential updates to these regulations, aiming to enhance governance practices and protections for stakeholders in entities with significant debt listings.
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📌CySEC’s Circular C644 introduced Form 165-05 to collect information from entities within investment firm groups that are subject to prudential consolidation by CySEC. Cyprus Investment Firms that fall under the definition of “investment firm group” (Art 4(1)(25) of IFR) and are subject to prudential consolidations by CySEC under Art 7 and 8 of the IFR, are required to submit this form annually to CySEC via the Transaction Reporting System (‘TRS’) by the deadline of 31st May each year. It is highlighted that the submission pertaining to the year ending 31.12.2023 are instructed to submit Form 165-05 via TRS by 30 June 2024, specifically between 25 with 30 June 2024. ☎ Contact us for more information --> info@deneopartners.com #CySEC #CIF #DeneoPartners #Consultingfirm #Corporate #Compliance #Globallicensing #Accounting #PSPs #Banking
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The below announcement regards Cyprus Investment Firms that fall under the definition of “investment firm group” (Art 4(1)(25) of IFR) and are subject to prudential consolidations by CySEC under Art 7 and 8 of the IFR. #cif #compliance #prudential #consolidation #cysec
📌CySEC’s Circular C644 introduced Form 165-05 to collect information from entities within investment firm groups that are subject to prudential consolidation by CySEC. Cyprus Investment Firms that fall under the definition of “investment firm group” (Art 4(1)(25) of IFR) and are subject to prudential consolidations by CySEC under Art 7 and 8 of the IFR, are required to submit this form annually to CySEC via the Transaction Reporting System (‘TRS’) by the deadline of 31st May each year. It is highlighted that the submission pertaining to the year ending 31.12.2023 are instructed to submit Form 165-05 via TRS by 30 June 2024, specifically between 25 with 30 June 2024. ☎ Contact us for more information --> info@deneopartners.com #CySEC #CIF #DeneoPartners #Consultingfirm #Corporate #Compliance #Globallicensing #Accounting #PSPs #Banking
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🚩 Attention to Cyprus Investment Firms (CIFs) 📣 CySEC issued the Circular C661 to inform the CIFs for their reporting obligation to submit the Form QST-CIF, Version 14, for Q3 2024. 📍 Deadline for submission is by 04/11/2024, at the latest. Read More 👇 https://lnkd.in/dT2bivpZ #cyprusinvestments #reporting #quarterly #CIFs #investmentfirm
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CySEC Introduces New Form 165-05 for “Prudential Consolidation Information” Cyprus Securities and Exchange Commission (CySEC) announces the introduction of Form 165-05. This form is intended to collect prudential consolidation information, enhancing our supervisory role under EU Regulation 2019/2033 (IFR) and the Prudential Supervision of Investment Firms Law (Law 165(I)/2021). Key points from the Circular No. C644 include: 1. Objective: To facilitate CySEC’s supervisory duties as the consolidating supervisor. 2. Applicable Firms: All Cyprus Investment Firms (CIFs) that fall under the definition of an investment firm group and are subject to prudential consolidation by CySEC. 3. Submission Guidelines: - The form is available on CySEC’s website under the 'Forms' section. - CIFs must submit this form annually via the Transaction Reporting System (TRS) by May 31st. - For the year ending 31.12.2023, submissions should be made between 25th - 30th June 2024. For further insights, reach out to our team of experts: 00357 25 34 00 25 info@fivecomply.com fivecomply.com #CySEC #InvestmentFirm #Regulation #Compliance #PrudentialConsolidation #Finance #Cyprus #FinancialRegulation #Investment #CorporateCompliance #Supervision #RegulatoryCompliance #ComplianceExcellence #FiveComply
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On May 13, the Deputy Director of AMCA Lilit Petrosyan participated in the Roundtable on UNCITRAL Working Group III: Investor-State Dispute Settlement Reform. Working Group III specifically deals with investor-state dispute settlement (ISDS) reform. Its mandate is to work on possible reform of ISDS, in light of the widespread criticisms and concerns regarding the current ISDS regime. BIICL convened roundtable to discuss current and possible future implications of the work of the UNCITRAL Working Group III. This included discussion of, amongst other topics: Standing mechanism for the resolution of international investment disputes, Selection and appointment of ISDS tribunal members, Procedural rules reform and cross-cutting issues, Multilateral instrument to implement reforms.
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📢 Important Announcement for Cyprus Investment Firms (CIFs) 📢 The Cyprus Securities and Exchange Commission (CySEC) has issued a reminder regarding prudential reporting requirements based on audited financial statements. According to Regulation (EU) 2021/2284, CIFs may initially submit unaudited figures. However, if audited figures deviate from the submitted ones, CIFs must promptly submit revised, audited figures to CySEC. This submission, made via the CySEC XBRL portal, should reflect the last day of the previous financial year and be completed no later than five months after year-end. CIFs are advised to use the comment section to indicate "Based on Audited Figures 31/12/XXXX". Deadline for submissions is from April 1st to May 31st annually. #CySEC #FinancialReporting #CIFs #Compliance Feel free to contact us for any professional assistance: ☎️ +357 96 334 123 📧: info@apapageorgiou.com 💻: www.apapageorgiou.com #APLawFirm #APLawFirm #Advocates #LegalConsultants #FintechAdvisors #RegulatoryComplianceConsultancy #CorporateServices #LegalServices #CyprusLawyers
