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CySEC Advanced exam study notes

Free, topic-by-topic notes for the 14 chapters of the CySEC Advanced exam. Each note answers one question, lists the key facts to remember, cites the law behind it and says where the exam material and the current rules differ.

13 subjects · 115 notesLast reviewed By the ExamPass CY editorial team

Notes by chapter

  1. Chapter 1

    Investment Services Law and the ICF

    The scope of Law 87(I)/2017 and its exemptions, third-country firms, CySEC and Central Bank powers and cooperation, offences, and the Investor Compensation Fund.

    AlsoBasic · Ch 18 topics · about 58 min
  2. Chapter 2

    Cypriot Investment Firms (CIFs)

    CySEC authorisation and its withdrawal, board and governance rules, tied agents, CFD and binary option restrictions, SME growth markets, regulated markets and data reporting services.

    AlsoBasic · Ch 210 topics · about 62 min
  3. Chapter 3

    Investor Protection and Conduct of Business

    Organisation and compliance, call recording, outsourcing, client assets, conflicts of interest, client categories, costs, independent advice, suitability and best execution.

    AlsoBasic · Ch 312 topics · about 73 min
  4. Chapter 4

    UCITS and Management Companies

    Common funds and VCICs, depositaries, master-feeder funds, investment limits, borrowing and redemptions, investor information, management companies and EU passports.

    AlsoBasic · Ch 610 topics · about 74 min
  5. Chapter 5

    Alternative Investment Funds (AIFs)

    AIF forms, capital and investments; AIFM scope, authorisation, capital, conduct, remuneration, risk and liquidity; valuation, reporting and marketing to retail investors.

    AlsoBasic · Ch 711 topics · about 73 min
  6. Chapter 6

    Business of Credit Institutions

    Supervisors and cooperation, review and inspection, ownership changes, supervisory powers, and bank capital, returns and accounts.

    5 topics · about 39 min
  7. Chapter 7 · AML notes

    AML & Terrorist Financing

    Taught in the AML notes: money laundering and sanctions, customer due diligence, the compliance officer, the risk-based approach and suspicious transaction reports.

    27 notes in 6 AML subjects
  8. Chapter 8

    MiFIR: Transparency, Reporting and Derivatives

    Equity and non-equity transparency, waivers and the volume cap, systematic internalisers, transaction reporting, reference data, and derivatives trading and clearing.

    AlsoBasic · Ch 49 topics · about 70 min
  9. Chapter 9

    Capital Adequacy and Prudential Supervision

    The CRR and IFR regimes, own funds and buffers, large exposures, risk governance and pay, CySEC's supervisory review, the ICAAP and stress testing.

    13 topics · about 99 min
  10. Chapter 10

    EMIR: Derivatives, Clearing and CCPs

    EMIR's aims, trade reporting, the clearing obligation, risk mitigation for uncleared OTC derivatives, and CCP capital, liquidity and disclosure.

    7 topics · about 55 min
  11. Chapter 11

    Recovery and Resolution

    Recovery plans, intra-group support, early intervention, temporary and special administrators, resolution tools, failure notifications and cross-border cooperation.

    7 topics · about 53 min
  12. Chapter 12

    Prospectus Regulation

    Scope and exemptions, format and validity, lighter prospectuses, language and liability in Cyprus, approval, publication and passporting.

    6 topics · about 50 min
  13. Chapter 13

    Transparency Requirements for Listed Issuers

    Scope and sanctions, annual and half-yearly reports, exemptions, ongoing disclosures, communication with holders and major holdings notifications.

    7 topics · about 51 min
  14. Chapter 14

    Market Abuse (MAR)

    Inside information and insider dealing, market soundings, disclosure and delay, insider lists, managers' transactions, market manipulation, investment recommendations and sanctions.

    AlsoBasic · Ch 510 topics · about 72 min

How these notes are written

The ExamPass CY editorial team writes every note in its own words from Cyprus law, CySEC directives, EU legislation and official guidance. Each note shows the date it was last reviewed and the legal provisions it relies on. We do not publish exam questions or their answers here. ExamPass CY is not affiliated with CySEC.

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