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12 September 2018

Cyprus Chapter Of International Banking Law And Regulation

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Elias Neocleous & Co LLC

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Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
Cyprus chapter of International Banking Law and Regulation.
Cyprus Finance and Banking

Cyprus chapter of International Banking Law and Regulation

I. BANKING SYSTEM

§ 15:1 Banking legislation

§ 15:2 Definition of "bank"

§ 15:3 Types of financial institutions

§ 15:4 Activities of banks

§ 15:5 Particular activities—Banks

§ 15:6 —Cooperative societies

§ 15:7 Housing Finance Corporation

§ 15:8 Representative offices of international banks

§ 15:9 Ownership requirements—Restrictions imposed under the Banking Law

§ 15:10 Other financial institutions—Housing Finance Corporation

§ 15:11 Cyprus-incorporated banks operating abroad—In general

§ 15:12 —Opening branch in a European Union Member State

§ 15:13 —Crossborder services within a European Union Member State

§ 15:14 —Opening a branch or representative office in a Non- European Union State

II. LICENSING OF BANKS

§ 15:15 Licensing process—In general

§ 15:16 —Pre-application meetings

§ 15:17 Licensing process

§ 15:18 Central Bank of Cyprus control after issue of license

§ 15:19 Refusal to grant license

§ 15:20 Resolution and insolvency

III. REGULATORY ISSUES

§ 15:21 Money laundering

§ 15:22 Banking secrecy

§ 15:23 Bank deposit and investment protection schemes

IV. SUPERVISORY ISSUES

§ 15:24 Supervision and inspection

§ 15:25 Duty to report

V. LICENSING AND REGULATION OF FOREIGN BANKS

§ 15:26 In general

VI. BANK TAKE-OVERS AND MERGERS

§ 15:27 In general

VII. CONCLUSION

§ 15:28 In general

Download >> Cyprus chapter of International Banking Law and Regulation published in Thomson Reuters.

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