Discover the EUF Autumn Newsletter 2024 Highlights include: Welcome from EUF Chairman, Fausto Galmarini 📢 What’s going on in the EUF Legal Committee? - Maggie Wessel 📢 IH 2024 EU Factoring figures – First signs of growth slowdown - Magdalena Ciechomska-Barczak, ACMA, CGMA-Barczak 📢 A New representative at the ESG Committee - Antoine de CHABOT 📢 Factoring and Prudential Regulation: Aligning Risk Sensitivity with Business Realities - Diego Tavecchia Read more and download your copy via https://lnkd.in/eiZxtzR9 #euf #factoring #commercial #finance
EUFederation for the Factoring and Commercial Finance Industry’s Post
More Relevant Posts
-
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
-
-
📌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
-
-
🚩 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
-
-
📢 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
-
Here is the second chapter of our series, Navigating the Complexity of Dutch Transfer Pricing: Understanding Transactions, Ignored Transactions, and Comparability Analysis. Feel free to reach out for further discussions. #transferpricing #dutchguidelines #oecd
-
We are excited to announce the publication of new guidance notes on untied ECA financing, considerations when dealing with sovereign obligors and updated buyer credit facility documentation. This coincides with Exile Group/TXF Global Conference in Athens this week. With the rise of export finance, untied lending, lessons learned from sovereign default situations, a wider range of investors looking at the market, and the updated OECD Consensus on Export Credits, the new and updated documents come at a pivotal time for the industry. We would like to thank the LMA’s Export Finance Working Party, who provided an accompanying supporting statement, for their continued engagement and insight. There is still more to come! We are aware of the growing role of institutional investors in the market and are working on education and guidance bringing together different perspectives. We look forward to engaging with the market further on this important piece of work. #exportfinance #lma #loanmarket #exporters #ECA #TXF #commoditiesfinance
-
At next week's Trade Finance Investor Day, we will revisit our progress across the originate-and-distribute model with a focus on bridging SME-focused lenders with capital markets through securitisation. A total of 24 speakers have been hand-picked to demonstrate how new #technologies have been embraced - quite recently - by #G7 regulators around the world to introduce new #policies, which triggered #partnerships between industry service providers to deliver new #value propositions to extend capital markets liquidity to SMEs. It is not as complex as it seems when listening to them: Sarah Green André Casterman Nick Stainthorpe Pranay Srinivasan Oliver Howard Felicity Thompson, CFA Idriss Al Rifai Vikrant Yadav Moritz Hill James Kay-Hards Mark Abrams Jon Boran Harsha Mehta Christoph Gugelmann Billy Sebell Amparo Garcia Flores Doris Kononowicz Sarah Murrow Deepesh Patel Suresh Hegde Richard Wulff Philippe HENRY Guenther Poettler Swaroop N L N They are all here: https://lnkd.in/eTSMk_Gi Thanks to this upgraded trade eco-system, new entrants in trade and working capital finance such as SME-focused lenders and capital markets liquidity providers, benefit from advanced options to originate digitally, to enrich transactions with more data, to better mitigate risk, and to share high-yield transactions with structured credit investors. We thank our 10 partners supporting the event: Allianz Trade in UK & Ireland XDC Foundation Tradeteq Reed Smith LLP MFD Emerald Capital Group LSQ Teybridge Capital Lloyds Corporate & Institutional EBRD Trade Facilitation Programme and our leading industry associations and media: ITFA ICISA - International Credit Insurance & Surety Association Global Trade Review (GTR) Trade Finance Global (TFG) DNI Initiative TFD Initiative
-
-
On September 12, the UK Financial Conduct Authority (FCA) published an approach document detailing the process for recognising funds under the Overseas Funds Regime (OFR). This guidance is aimed at those seeking to have an overseas investment fund recognised under the Financial Services and Markets Act 2000. Key Points: - The document outlines essential steps, including preparing application materials, obtaining supporting documents, and registering on the FCA Connect system. - Applicants must provide detailed information on the fund’s profile, fees, share class characteristics, and marketing strategies. - The FCA sets clear expectations for submissions, ensuring funds meet UK standards under the OFR. For those applying, it is crucial to follow the guidance to ensure a smooth recognition process. For more updates on financial services regulations in the UK, unlock cutting-edge legal intelligence with a free subscription to our platform — join us today. Visit https://lnkd.in/gZmkUPim to know more. #FCA #OverseasFundsRegime #OFR #FinancialServices #InvestmentFunds #UKRegulations #GRI #FundManagement
-
-
Join us for an insightful and thought-provoking discussion on at the ITFA Conference in Cyprus, moderated by Marsh’s Marie-Aude Vesval. In this session, we will delve into the world of trade finance market participants and explore the various solutions they use to distribute their assets. Don't miss this opportunity to gain valuable insights and learn how Marsh's Lenders Solutions Group can be your trusted partner in trade finance. Learn more. #RiskManagement
-
☘️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
