Consulco, the investment manager with offices in London, Dubai, Moscow and Nicosia established its newest office in Limassol. The office is centrally located at  18 Evagora Papachristoforou Street, off Makarios Avenue near the town’s municipal park. The firm’s Limassol operations are managed by Christos Hadjisotiris and Evangelia Kapnistou, both Limassol bred professionals with considerable experience in the financial and investment sectors.   Marios Hadjiroussos, the Consulco’s CEO commented “Limassol is an important office location for Consulco as it enables the firm to…

CySEC has issued a Policy Statement (available here) relating to its decision to further amend Directive 87-04, in an effort to ensure the smooth transition of UK groups operating under the Temporary Permissions Regime (TPR), until they establish a physical presence in Cyprus. It should be noted that in December 2020, CySEC introduced a Temporary Permission Regime so that UK firms can continue to provide investment services without a physical presence in Cyprus, under the condition that they only offer…