The Cyprus Securities and Exchange Commission (CySEC) on Wednesday launched a public consultation on a proposed legislative amendment concerning the authorisation of Administrative Service Providers (ASPs) .
Specifically, CySEC published a Consultation Paper proposing changes to the Law Regulating Companies Providing Administrative Services and Related Matters (Law 196(I)/2012), which governs ASPs.
The proposed amendment addresses the current practice regarding the lapse of authorisation for ASPs.
Under the new proposal, an
