CYPRUS
Turkey
Nicosia
Law and Practice Contributed by: Marcos Georgiades, Dominique Pelides and Panayiota Elia Georgiades & Pelides
Cyprus
Contents 1. Legal Framework p.132 1.1 Key Laws and Regulations p.132 2. Authorisation p.132 2.1 Licences and Application Process p.132 3. Changes in Control p.134 3.1 Requirements for Acquiring or Increasing Control Over a Bank p.134 4. Governance p.135 4.1 Corporate Governance Requirements p.135 4.2 Registration and Oversight of Senior Management p.136 4.3 Remuneration Requirements p.138 5. AML/KYC p.138 5.1 AML and CFT Requirements p.138 6. Depositor Protection p.139 6.1 Deposit Guarantee Scheme (DGS) p.139 7. Prudential Regime p.141 7.1 Capital, Liquidity and Related Risk Control Requirements p.141 8. Insolvency, Recovery and Resolution p.143 8.1 Legal and Regulatory Framework p.143 9. ESG p.146 9.1 ESG Requirements p.146 10. DORA p.146
10.1 DORA Requirements p.146 11. Horizon Scanning p.146 11.1 Regulatory Developments p.146
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