2018 will be a challenging year for the financial industry due to the upcoming changes in the regulatory framework for Cyprus Investment Firms (CIFs), according to the Chairwoman of the Cyprus Securities and Exchange Commission Mrs. Demetra Kalogerou.

Analysing the new requirements of MiFID II and MiFIR during the Cyprus International Investment Firms Association (ACIIF) Annual General Meeting at the Carob Mill in Limassol on December 5, Mrs. Kalogerou emphasised the new requirements on product governance, inducements and transaction reporting. Additionally, she referred to the PRIIPs Regulation which will also enter into force in January 2018.

As reported in Cyprus Business Mail.