Resumen de Cyprus: : Payment service providers.

• The article informs that detailed guidance to Cyprus Investment Firms (CIFs) has been issued by the Cyprus Securities and Exchange Commission (CySEC) under Directive DI144-2007-01 to minimise the risk of loss or diminution of clients' assets due to misuse, fraud, poor administration, inadequate record keeping or negligence. It is noted that CIFs are now required to apply provisions of the relevant CySEC Directive and European Union (EU) regulation with payment service providers.