CySec: Council Regulation 

Cyprus Securities and exchange commission (cysec)

The Cyprus Securities and Exchange Commission (‘the Commission’) informs, the Cyprus Investment Firms, the Management Companies and the Administrative Services Companies (‘the Regulated Entities) about the publication in the Official Journal of the European Union of the Council Regulation (EU) No. 269/2014 of 17 March 2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity,
sovereignty and independence of Ukraine.

Pursuant to Regulation, with effective date as of March 17, 2014, all funds and economic resources belonging to, owned, held or controlled by any natural persons or natural or legal persons, entities or bodies associated with them as listed in Annex I shall be frozen.

Therefore, the Commission requests ALL Regulated Entities to check immediately whether they have as a client any of the persons listed in Annex I of the Regulation and if so, to freeze immediately all funds and/or economic resources that held, administered or managed on his behalf or on behalf of the persons associated with him.

Following this, ALL Regulated Entities are requested to inform the Commission, by Friday, March 21, 2014, the latest, at the electronic address supervision@cysec.gov.cy, whether they have such clients or not. If so, their names, the type of the assets freezed (e.g. cash, financial instruments) and the total value of them must be declared.

Source: CySec

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