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Decree for relaxing restrictive measures for foreign bank branches in Cyprus

 
25/04/2013
Decree for Relaxing Restrictive Measures for Branches / Subsidiaries of Foreign Banks and International Business
 
The Central bank of Cyprus announced on 25 April 2013, the First Decree for Relaxing Restrictive Measures on Transactions of Foreign banks. The measures came into force as of the above date, which entails significant relaxations in the measures in place.
 
This Decree shall apply for a sixteen day period starting from the day of its publication in the Official Gazette of the Republic.
 
The Decree can be viewed on the below link:
 
http://www.centralbank.gov.cy/media//pdf/FirstDecree_ForeignBank_EN_250413.pdf
 

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