{
  "title": "Cyprus: Financial Sector Assessment Program Update: Technical Note: Factual Update of IOSCO Core Principles of Securities Regulation",
  "publication": "IMF Staff Country Reports, June 1, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/cyprus-financial-sector-assessment-program-update-technical-note-factual-update-of-iosco-22990",
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  "summary": "This technical note presents factual update of International Organization of Securities Commissions Core Principles of Securities Regulation for Cyprus. There is provision in the law allowing for the sharing of information and cooperation with both domestic and foreign regulators.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- This technical note presents factual update of International Organization of Securities Commissions Core Principles of Securities Regulation for Cyprus.\n- Publication date: June 1, 2009.\n- The note documents legal and regulatory arrangements supporting securities regulation and disclosure in Cyprus."
    },
    {
      "heading": "Key findings",
      "content": "- There is provision in the law allowing for the sharing of information and cooperation with both domestic and foreign regulators.\n- The Cyprus law transposing the European Union Prospectus and Transparency Directives, together with the company law and stock exchange law, provide:\n  - accurate and timely disclosure of financial results; and\n  - adequate safeguards in the fair and equitable treatment of shareholders."
    },
    {
      "heading": "Legal and regulatory framework (as reported)",
      "content": "- Laws and transpositions cited:\n  - Cyprus law transposing the European Union Prospectus and Transparency Directives.\n  - Company law.\n  - Stock exchange law.\n- Regulatory cooperation:\n  - Legal provisions enable information sharing and cooperation with domestic regulators.\n  - Legal provisions enable information sharing and cooperation with foreign regulators.\n\n---\n\n Content in this bundle\n\n- IOSCO OFC Assessment 2005—Recommended Action Plan\n  - IOSCO OFC Assessment 2005—Recommended Action Plan (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - IOSCO OFC Assessment 2005—Recommended Action Plan (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/31/cyprus-financial-sector-assessment-program-update-technical-note-factual-update-of-iosco-22990/index.md)",
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    "Published: June 1, 2009",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451809947.002",
    "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.",
    "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:",
    "Laws and transpositions cited:",
    "Regulatory cooperation:",
    "**IOSCO OFC Assessment 2005—Recommended Action Plan**"
  ],
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