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LEGAL UPDATES
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23.06.2014
The “Resolution of Credit and Other Institutions (Amendment) Law of 2014” designates the Central Bank of Cyprus as the new Resolution Authority
Banking and Secured Financing
Following the approval of the above amending law on 19 June 2014, the Central Bank of Cyprus (CBC) is designated as the new Resolution Authority. read more
09.05.2014
The Central Bank of Cyprus (Amendment) Law of 2014
Banking and Secured Financing
The aim of the new amendment to the Central Bank of Cyprus Law [138(I)/2002] is to accommodate specific recommendations of the European Systemic Risk Board (ESRB) on the macro-prudential mandate of national central banks in the framework of the oversight of the financial systems. read more
31.03.2014
Announcement by the Ministry of Finance - Relaxation of Restrictive Measures on Banking Transactions
Banking and Secured Financing

On 28 March 2014, the Ministry of Finance announced relaxations on the 28th Decree on the Enforcement of Temporary Restrictive Measures on Transactions.

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24.02.2014
Cyprus announces further easing of bank restrictions
Banking and Secured Financing
Further easing of the restrictions on bank transactions were announced on Friday, 21 February 2014. read more
09.09.2013
New legislation pertaining to the preconditions for the second instalment of the Cyprus bailout loan
Banking and Secured Financing, Corporate and Commercial Law, Real Estate Law, Trusts, Wills and Succession
On 5 September, the Cyprus Parliament approved a number of laws that were a precondition for the second installment (EUR 1.5 billion) of the bailout loan. read more
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