Cyprus: Financial Sector Assessment Program Update: Technical Note: Factual Update of IOSCO Core Principles of Securities Regulation
IMF Staff Country Reports, June 1, 2009
Source details
- Canonical URL
- Cyprus: Financial Sector Assessment Program Update: Technical Note: Factual Update of IOSCO Core Principles of Securities Regulation
Other formats
Bibliographic details
- Published: June 1, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451809947.002
Overview
- This technical note presents factual update of International Organization of Securities Commissions Core Principles of Securities Regulation for Cyprus.
- Publication date: June 1, 2009.
- The note documents legal and regulatory arrangements supporting securities regulation and disclosure in Cyprus.
Key findings
- There is provision in the law allowing for the sharing of information and cooperation with both domestic and foreign regulators.
- The Cyprus law transposing the European Union Prospectus and Transparency Directives, together with the company law and stock exchange law, provide:
- accurate and timely disclosure of financial results; and
- adequate safeguards in the fair and equitable treatment of shareholders.
Legal and regulatory framework (as reported)
- Laws and transpositions cited:
- Cyprus law transposing the European Union Prospectus and Transparency Directives.
- Company law.
- Stock exchange law.
- Regulatory cooperation:
- Legal provisions enable information sharing and cooperation with domestic regulators.
- Legal provisions enable information sharing and cooperation with foreign regulators.
Content in this bundle
- IOSCO OFC Assessment 2005—Recommended Action Plan