Regulatory Compliance & Banking

Mouktaroudes & Associates advises various financial institutions, including many cooperative savings institutions.

Our services are within the legal framework of the Financial Instruments Directive (“MiFID”) which is the European piece of legislation that determines the way investment services are provided across the European Economic Area.

Furthermore, we can act as an external consultant to an Investment Firm and help to obtain a license from CySEC and establish a brunch in the Republic of Cyprus.

Our legal and compliance consultants can assist you on a wide range of issues related to regulatory compliance and banking. These areas include the following:

Cyprus Investment Firm License from the Cyprus Securities and Exchange Commission (CySEC)

  • Advisory support towards the authorisation and registration of an EU financial institution
  • Preparation of the Application File in accordance with current regulatory requirements
  • Respond on client’s behalf to the Authority’s queries and suggestions relating to the application
  • Prepare a custom-built Operations Manual in the most efficient manner and based on client’s needs
  • Prepare the Anti-Money Laundering Manual (AML) and the Know Your Client (KYC) policies in the most efficient manner and based on client’s needs

An Investment Firm licensed by the Cyprus Securities and Exchange Commission (CySEC) falls under Law 87(I)/2017 regarding the provision of investment services, the exercise of investment activities and the operation of regulated markets. Once licensed, it is able to provide investment services through representative and branch offices across 30 member countries via the EU Single Passport.

Fund Manager License (AIFM or UCITS Management Company) as well as a license or registration for Alternative Investment Funds (AIF) or UCITS funds from CySEC

CySEC-authorised fund managers benefit from the status of the Republic of Cyprus as a full member of the European Union, which provides them with unfettered access (EU passport) to the European Economic Area.

Asset acquisition / Property development finance
We act for secured creditors in relation to presale contracts and consents to lease/easement in connection with large residential and commercial developments.

Reviewing and Drafting of Loan Agreements
While each lender has unique transactional processes and procedures, our work with a multitude of lenders enables us to craft customized terms and provisions that benefit all parties, while building in safeguards that protect the lender’s collateral and other interests in the event of default, foreclosure or bankruptcy.

Bank Due Diligence / Anti- money laundering procedures
We advise our clients on lender and opening bank accounts in Cyprus due diligence, enabling our clients to evaluate risks and to balance business, operational and legal needs.

International Finance Transactions / Collective Investments Schemes
We can assist you with letters of credit and other negotiable instruments

Financial Litigation
Our litigation team can represent you on various financial disputes and any other issues and disputes relating the banking sector

Debt sales / Distressed lending and trading
We act for the purchasers in relation to the acquisition of a portfolio of distressed loans and then assisted the purchasers with the administration and management of that portfolio to realise the value of the loans.

For further information please contact us at:
[email protected] or call us on +357 25107587