An Electronic Money Institution (EMI) license in Cyprus is a type of authorization granted by the Central Bank of Cyprus (CBC) that allows companies to issue, store, and manage electronic money (e-money) and provide payment services. To obtain an EMI license, the company must meet certain requirements, such as having adequate capital, a sound business…
The Financial Services Commission, Mauritius (FSC) is releasing the following proposed legislations for public consultation, in an effort to enhance investor protection and maintain a transparent rule-making process: a) Securities (Amendment) Act 2023 b) Financial Services (Amendment) Act 2023 c) Securities (Central Depository, Clearing and Settlement) (Amendment) Act 2023 d) Securities (Consumer Duty) Rules e)…
The FSA is actively engaged in the development of a new legislative framework designed to enhance the licensing, regulation, and supervision of entities offering services associated with virtual assets. This initiative involves revisiting the Virtual Asset (VA)/Virtual Asset Service Providers (VASP) National Risk Assessment, initially published in 2022. The objective is to ensure a comprehensive…