In relation to the new version of the Form RBSF-ASP Version 5, CYFA following relevant communication with CySEC would like to inform its members of the following (as communicated to the Association by CySEC on the 9th May 2022):
I. CySEC wishes to replace/amend questions 2.6 and 2.7 of Section E of the version 5 of the form RBSF-ASP with the following questions:
o Question 2.6: From the remaining of your customers (answer in 2.5), please enter the total number of customers whose bank account(s) in their name is/are kept with a credit institution operating and licensed in an EEA country and/or in third country, which is categorised by the Obliged Entity as lower risk after taking into account the Joint Guidelines defined in CySEC’s AML/CFT Directive and the Appendix II of the AML/CFT Law.
o Question 2.7: Please enter the total number of customers whose bank account(s) in their name is/are kept EXCLUSIVELY with a credit institution operating and licensed in a third country which is not categorised by the Obliged Entity as lower risk after taking into account the Joint Guidelines defined in CySEC’s AML/CFT Directive and the Appendix II of the Law (i.e. not included in questions 2.5 and 2.6).
II. Section E, Questions 3.3.1 and 3.3.2 and Section J, Question 3
o According to CySEC, the specific questions (E 3.3.1, E 3.3.2 και J 3) can be answered either with the exact data or with the best possible estimate. It is important to emphasize that the option to fill in the fields with the best possible estimate is given only for the data collection of year 2021 and will not apply for future data collections via the RBSF form. Administrative Service Providers are expected to take all the necessary actions to be able to provide accurate data in future collections/submissions.
o With regards to the point above please also find below for your reference the original response of CySEC provided to the Association in the Greek language:
“Οι συγκεκριμένες ερωτήσεις (E 3.3.1, E 3.3.2 και J 3) μπορούν να απαντηθούν είτε με τα ακριβή στοιχεία, είτε με την καλύτερη δυνατή προσέγγιση. Τονίζεται ότι η επιλογή για συμπλήρωση των πεδίων με την καλύτερη δυνατή προσέγγιση, παρέχεται μόνο για τη συλλογή στοιχείων για τη χρονιά 2021 και δεν θα υφίσταται για τις μελλοντικές συλλογές στοιχείων μέσω του εντύπου RBSF. Αναμένεται από τις Εταιρείες Παροχής Διοικητικών Υπηρεσιών να λάβουν τις απαραίτητες ενέργειες έτσι ώστε να είναι σε θέση να δώσουν τα ακριβή στοιχεία σε μελλοντικές συλλογές.”
Kindly be reminded that the form should be successfully submitted to TRS by Friday, June 3, 2022 at the latest.
The Association will continue its overall efforts to engage/consult with all regulators on industry matters and will keep you updated on future developments, actions and initiatives undertaken.
It is noted that each member is obliged to comply with the ASP, AML and TAX Law and the circulars/guidelines of the relevant authorities and regulators. Any information contained in this notification/announcement, or any other notifications/announcements or circulars should be assessed on its own merits.