In July 2024, the European Securities and Markets Authority (ESMA) released a consultation paper detailing proposed Regulatory Technical Standards (RTS) on Liquidity Management Tools (LMTs) under the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for Collective Investment in Transferable Securities (UCITS) Directive. This initiative aims to enhance the resilience of investment funds during...Read More

In 2024, Cyprus embarked on an ambitious journey to reform its tax system with a focus on environmental sustainability. The initiative, often referred to as the green tax reform, seeks to address critical environmental challenges, align with global standards, and foster a culture of sustainability throughout the nation. Core Elements of the Reform The reform...Read More