FINVUS

🤔 When do Cypriot regulated entities need to file #CRS and #FATCA? ⏱️ Reporting deadline: June 30th 👉 Entities required to report: Financial institutions overseen by the Cyprus Securities and Exchange Commission (CySEC) or the Central Bank of Cyprus (CBC). ✅ At FINVUS, our #RegTech tool automates the preparation of CRS and FATCA reports in #XML format, ready for submission to tax authorities via the Ariadni portal. 📩 Reach out to our team for more information. #FINVUS #CRS #FATCA #CySEC #CBC

💡 What are the #CRS and #FATCA reporting obligations and when is the deadline? What is the #CRS and #FATCA? 👇 The Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA) reports constitute annual regulatory obligations for #financialinstitutions for the disclosure of information on clients that reside in countries that are CRS or FATCA reportable. When is the deadline for Cypriot regulated entities? 👇 The CRS and FATCA reporting obligations were introduced in #Cyprus in 2014 to enhance international #taxcompliance. Reporting entities: Financial institutions regulated by the Cyprus Securities and Exchange Commission (CySEC) or the Central Bank of Cyprus (CBC) Reporting deadline: 30th of June ✅ At FINVUS, our #RegTech tool automates the preparation of the CRS and FATCA reports in #XML format for submission to the tax authorities through the Ariadni portal. 📧 Contact our team to learn more. #FINVUS #CRS #FATCA #CySEC #CBC

⚠️Reminder for 750K Cyprus Investment Firms - #RegulatoryReporting obligation deadline for the #CIR package in #XBRL and #EXCEL format.    Submission deadline ➡️30th of April.    The Central Bank of Cyprus (#CBC) requests to submit Forms “CIFCIR-XBRL” in XBRL format and “CIFADD-EXCEL” in MS Excel format.     📩[email protected] - Contact us to support your business to comply with the CIR package forms through FINVUS #RegTech platform.  #stayahead #CIF #salvusfunds #finvus

💡 What is Best Execution?     Best Execution refers to the responsibility of all EU #investmentfirms for taking all sufficient steps to obtain the best possible result when executing client orders. Best Execution constitutes a key component of the European Directive of Markets in Financial Instruments (MiFID) II.     Are #CIF regulated entities required to comply with Best Execution? 👇     MiFID II was introduced in 2014 to enhance #investorprotection, increase market transparency and ensure the smooth operation of the EU financial markets.     As the main legislation for EU investment firms, MiFID II is transposed into national legislation through the Investment Services and Activities and Regulated Markets Law of 2017, Law 87(I)/2017.     Cyprus Investment Firms (CIF) to ensure #regulatorycompliance with Best Execution are required to monitor several metrics for client orders received and executed.     ✅ The FINVUS Best Execution Monitoring Tool™️ has been designed to monitor the execution efficiency of client orders and provide insightful metrics analysing among others the slippage, speed and spread of executed orders.     Click here to learn more➡️ https://lnkd.in/dFAeVdYG   📧 [email protected]  #bestexecution #FINVUS 

💡FINVUS is once more, the first to submit the #CIRPackage (the CIFCIR-XBRL and CIFADD-EXCELL) files through the CBC EDX Portal for another year, following the European Banking Authority (#EBA) taxonomy and Cyprus Central Bank (#CBC) reporting structure. 📧 Contact us at [email protected], for ensuring compliance with the reporting deadline of 30th of April 2024. #FINVUS #CySEC #CIF #RegTech

💡 What is Resolution Reporting and when is the deadline? What is Resolution reporting and the #CIR Package? 👇 Resolution reporting refers to the annual reporting obligation of #creditinstitutions and certain #investmentfirms subject to the European Bank Recovery and Resolution Directive (BRRD), disclosing information on their resolution plans. The EU Commission Implementing Regulation (CIR) lays down the #EBA technical standards concerning the procedures, forms, and templates required to be completed and disclosed by the institutions to national competent authorities. When is the deadline for CIF regulated entities? 👇 The reporting obligation was introduced in #Cyprus in 2016 with the transposition of the BRRD into the Cypriot Law for the Resolution of Credit Institutions and Investment Firms, Law 22(I)/2016. Reporting entities: Cyprus Investment Firms (CIF) subject to the €750,000 minimum capital requirement. Reporting deadline: 30th of April. Each year, the European Banking Authority (EBA) announces the applicable taxonomy to be followed for the submission of the CIR Package. ✅ At FINVUS, our #RegTech tool is aligned with the latest taxonomy and automates the preparation of the CIR Package in #XBRL format to be submitted via the Central Bank of Cyprus portal. 📧 Contact our team to learn more. #FINVUS #ResolutionReporting #CIRpackage #CIF #XBRL

🌟 Facing complex regulations? Unlock the power of #RegTech 🤔 What is Regulatory Technology? RegTech simplifies #reportingobligations and ensures #regulatorycompliance for regulated entities. 💡How is it used in #FinancialServices? As the financial sector is becoming increasingly challenging to navigate due to the enhanced #regulatoryreporting requirements, RegTech can be used to facilitate the seamless management and production of an organization’s reporting. RegTech reporting tools are now capable of taking raw data and transforming it into fully-fledged reports ready for submission to regulators such as CySEC - Cyprus Securities and Exchange Commission and the Central Bank of Cyprus. #FINVUS #regulation #technology #AI

What is the #ResolutionReporting regulatory obligation and which firms must comply? What is Resolution Reporting? 👇 The Resolution Reporting is an annual reporting obligation certain Cyprus Investment Firms (CIF) must meet to achieve #regulatorycompliance with the Central Bank of #Cyprus (CBC). Which firms must comply? 👇 Cyprus Investment Firms subject to capital requirements of 750,000 EUR are required to submit the #CIRpackage in #XBRL format by the 30th of April. ✅ At FINVUS, our RegTech tool is compatible with the latest taxonomy provided by the European Banking Authority (EBA), helping a CIF seamlessly comply with the Resolution Reporting obligation. 📧 Contact our team to learn more. #FINVUS #RegTechSolutions #RegulatoryCompliance 

🥳 With the end of a great 2023 now well in sight, the team at FINVUS wishes everyone celebrating this period a happy holiday season and to enjoy it with their loved ones. As a #regtech, we look forward to an exciting 2024. We cannot wait to help even more regulated entities achieve #compliance using our cutting-edge #regulatorytechnology specifically designed to meet the demanding regulatory reporting obligations companies face. Contact us at [email protected] should you have any questions about regtech or how we can help your regulated entity achieve compliance using regtech. #FINVUS #happyholidays