Via the IMAS Portal of the European Central Bank (“ECB”), significant entities directly supervised by the ECB, can submit information related to supervisory processes, track the status of such processes and exchange information with supervisors.
The process currently available is the Fit and Proper (FAP) assessment.
1. Useful information for significant supervised entities applicable from 15 December 2022:
At the same time, as from 15 December 2022, significant supervised entities, no longer need to submit the FAP Questionnaires to the Central Bank of Cyprus (“CBC”) by email, as was the practice until now. These entities should still need to send an email to email@example.com notifying the CBC of the submission of the Questionnaire on the IMAS Portal, stating therein the date of submission, the name and surname of the appointee and the proposed position.
Notwithstanding the above, the originals of all documents must be kept at the registered office of the significant entity and the supervisors reserve the right to request their submission or inspect them at any time.
2. To download a PDF format of the FAP Questionnaire for significant supervised entities, please use this (link ).
3. The CBC announcement dated 16 July 2021 (link) will no longer be applicable to significant supervised entities with effect from 15 December 2022.
Page last updated 9 November 2022