RELEASES
RELEASES
The Cyprus Securities Bureau here publishes releases to gather insights and analyses on investments and financial matters to enhance development of policies and assess best practices and enforcement activities. Reviews, comments, and updates are available upon request by contacting the Cyprus Securities Bureau.
Release on Administrative Documentation of Financial and Authorization Reports
The Cyprus Securities Bureau is making available this release to provide direction and regulation for administrative bodies pertaining to examination and review of internal control over financial documentation. The release establishes a procedure by which administrative boards can implement a top-down, risk-based examination of internal control over financial documentation. A thorough review that addresses this directive is one way to meet the evaluation standards established in this release.
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Release on IPO Prohibitions and Allocations
The Cyprus Securities Bureau is issuing this release regarding prohibitions on conduct in relations to securities allocations, specifically with a focus on initial public offering allocations. The rationale behind this release is to impart directive in regard to the process known as book building, including the process for distributing shares in initial public offerings. The Cyprus Securities Bureau previously took five regulatory issues alleging infractions in the provisioning process in infringement. Based on these cases, the Cyprus Securities Bureau seeks to underscore certain proscribed activities that underwriters should prevent during limited periods.
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please contact the Cyprus Securities Bureau for more information.