Promoting jobs, protecting people
NATLEX
Database of national labour, social security and related human rights legislation

Cyprus > Economic and social policy

Show abstract/citation:

Filtered by:
Country: Cyprus - Subject: Economic and social policy

  1. Cyprus - Economic and social policy - Law, Act

    Law N 143(I) of 2015 amending the Law on the Establishment, Activities and Supervision of Funds for Occupational Retirement Provision (Amendment). - Text in Greek

    Adoption: 2015-10-09 | Date of entry into force: 2015-10-09 | CYP-2015-L-102366

    The present Law amends the Law on the Establishment, Activities and Supervision of Funds for Occupational Retirement Provision, for the purposes of harmonizing the national legislation:
    - with articles 1 and 4 of the European Parliament and Council Directive 2013/14/EU of 21 May 2013, amending Directive 2003/41/EC on the activities and supervision of institutions for occupational retirement provision, Directive 2009/65/EC on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) and Directive 2011/61/EU on Alternative Investment Funds Managers in respect of over-reliance on credit ratings;
    - and with article 62 and paragraphs 1, 2, 5 and 6 of article 66 of the European Parliament and Council Directive 2011/61/EU of 8 June 2011, on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) N 1060/2009 and (EU) N 1095/2010, as amended by the aforementioned Directive 2013/14/EU;
    as well as in view of regulating the sanctions imposition in case of omission or breach of the obligation of compliance with the provisions:
    - of paragraph 1 of article 4 and subparagraph (a) of paragraph 1 of article 5 of the European Parliament and Council Regulation (EC) N 1060/2009 of 16 September 2009, on credit rating agencies, as amended by the European Parliament and Council Directive 2014/51/EU of 16 April 2014;
    - and of the norms of the European Parliament and Council Regulation (EC) N 648/2012 of 4 July 2012, on OTC derivatives, central counterparties and trade repositories, as amended by the European Parliament and Council Regulation (EC) N 600/2014 of 15 May 2014.

    Article 2 of the present Law supplements 1st phrase of article 2, by adding the following new terms and definitions: "Regulation (EC) N 648/2012", "Regulation (EC) N 1060/2009" and "Directive 2011/61/EU".
    Article 3 supplements paragraph (b) of 1st phrase of article 3, by adding new subparagraph (iv), worded as follows: "of the Law on Alternative Investment Fund Managers, as amended or replaced".
    Article 4 supplements article 36, by adding, after 1st phrase, new phrase 1A, concerning the monitoring responsibilities of the tax collector with regard to the Funds.
    Article 5 replaces 1st phrase of article 38 with new one, regarding the appointment of investment managers in other Member States.
    Article 6 supplements article 44, by adding, after 3rd phrase, new phrase 3A, regarding the penalisation of the breach or omission of compliance with paragraph 1 of article 4 and subparagraph (a) of paragraph 1 of article 5 of the Regulation (EC) N 1060/2009 and with the norms of the Regulation (EC) N 648/2012.

  2. Cyprus - Economic and social policy - Law, Act

    Law No. 84(I) of 2010 - Establishment and Functioning of a Unified Institution for Extra-judicial Dispute Resolution of Financial Differences Law, 2010. (Σύστασης και Λειτουργίας του Ενιαίου Φορέα Εξώδικης Επίλυσης Διαφορών Χρηματοοικονομικής Φύσεως Νόμος του 2010.) - Cyprus Gazette on-line

    Adoption: 2010-07-23 | Date of entry into force: 2010-07-23 | CYP-2010-L-86426

    Chapter I - INTRODUCTION
    1. Short Title
    2. Definitions

    Chapter II - ESTABLISHMENT AND FUNCTION OF THE INSTITUTION
    3. Establishment of the Institution

    Chapter III - PURPOSE OF THE INSTITUTION
    4. Purpose of the Institution

    Chapter IV - ADMINISTRATIVE COUNCIL OF THE INSTITUTION
    5. Administrative Council
    6. Competences of the Council

    Chapter V - RECRUITMENT OF FINANCIAL COMMISSIONER, ASSISTANT FINANCIAL COMMISSIONER AND STAFF
    7. Financial Commissioner and Assistant Financial Commissioner
    8. Staff

    Chapter VI - COMPETENCES OF FINANCIAL COMMISSIONER AND PROCEDURES OF SUBMISSION AND EXAMINATION OF COMPLAINTS
    9. Mandate of the Commissioner
    10. Right to submit a complaint
    11. Submission of complaint to a financial company
    12. Submission of complaint to the Commissioner
    13. Examination of the complaint by the Commissioner
    14. Decision on the complaint

    Chapter VII - FUND, REVENUES AND INVESTMENT POLICY
    15. Fund and economic means of the Institution
    16. Payment of the fixed annual contribution, individual contribution and other liabilities
    17. Investment policy of the Fund

    Chapter VIII - BOOK KEEPING, BUDGET, REPORTS AND DIRECTIVES ISSUING
    18. Responsibilities of the Institution
    19. Annual budget
    20. Report submission
    21. Directives issuing

    Chapter IX - CONFIDENTIALITY
    22. CONFIDENTIALITY

    Chapter X - TRANSITIONAL AND OTHER CLAUSES
    23. Title of the Institution
    24. Coordination with bodies of other member states and with the relevant supervisory authorities
    25. Information documents
    26. False statements and information concealment
    27. Reservations
    28. Transitional clauses

  3. Cyprus - Economic and social policy - Law, Act

    Law 95(I) of 2006, concerning the public financial assistance and services.

    Adoption: 2006-04-28 | Date of entry into force: 2006-01-01 | CYP-2006-L-81255

    The Law deals with a number of issues including:
    Article 2: Definitions the "single parents", "voluntary unemployed persons" and to "persons with disabilities".
    Article 3: Grant of public financial assistance
    Article 4: Public financial assistance for specific occasions
    Article 5: Decision on eligibility
    Article 6: Decision on the amount of the assistance
    Article 11: Determination and re-examination of the amount of financial assistance
    Article 13: Return of financial assistance
    Article 23: Authority concerning the expenses for repatriation of foreign citizen
    Article 26: Financial assistance for child-birth

  4. Cyprus - Economic and social policy - Law, Act

    Law No. 25(I) of 2005 providing for the establishment and function of a Council on industrial development.

    Adoption: 2005-03-18 | CYP-2005-L-72871

    Provides for the establishment of a 17-member Council responsible for defining and planning strategies on industrial development.

  5. Cyprus - Economic and social policy - Law, Act

    Act No 87(I) of 2000 to amend the acts of 1989 and 1999 concerning the protection of competition.

    Adoption: 2000 | CYP-2000-L-57907

    Amends S. 7 of the basic act, providing that its provisions relating to wages and conditions of work and employment are not applicable to those enterprises that treat affairs of a general interest or behave as a public monopoly.

  6. Cyprus - Economic and social policy - Law, Act

    Act No. 111(I) of 28 July 1999 amending the Competition Act.

    Adoption: 1999-07-28 | CYP-1999-L-54181

    Prohibits abusive exploitation by enterprises holding an exclusive or preferential role in trade.

  7. Cyprus - Economic and social policy - Law, Act

    Act No. 47(I) of 28 May 1999 to provide for international investment plans.

    Adoption: 1999-05-28 | CYP-1999-L-54172

    Governs investment plans of international and multinational enterprises operating in the Republic of Cyprus.

  8. Cyprus - Economic and social policy - Law, Act

    Act No. 22(I) of 19 March 1999, to provide for the control of the concentration of enterprises for purposes of ensuring efficient competition.

    Adoption: 1999-03-19 | CYP-1999-L-54168

    Defines conditions for concentration of enterprises of major importance in order to protect the market from unfair competition and illegal trade. Provides for control of such industrial concentrations by the State.


© Copyright and permissions 1996-2014 International Labour Organization (ILO) | Privacy policy | Disclaimer