CySEC publishes 2022 bulletin, total assets of Cyprus investment firms drop 53% Y/Y
In 2022, CIFs’ Total Assets recorded an extraordinary year-on-year reduction of 53%, for the first time during the four-year period.
In 2022, CIFs’ Total Assets recorded an extraordinary year-on-year reduction of 53%, for the first time during the four-year period.
Dr Theocharides, stressed there would be no tolerance for CIFs that do not comply with the regulatory framework.
CySEC reports that, during 2020, the income derived from the activities of Cyprus Investment Firms (CIFs) amounted to €1.9 billion.