Introduction
The Cyprus Securities and Exchange Commission (CySEC) announced AMLA’s public consultations on draft regulatory technical standards (RTS) and implementing technical standards (ITS) as of July 15, 2026. These affect various financial entities and urge participation from stakeholders. This announcement is a clarification, not a new obligation.
CySEC Circular C791 – At a Glance
- Issued date: 15 July 2026
- Applies to: Regulated Entities including CIFs, ASPs, UCITS Management Companies, and others
- Deadline: [CONFIRM]
- Key requirement: Participation in consultation on draft ITS and RTS
- Submission method: Respond through the consultation paper links on AMLA’s website
What Does This Circular Require?
What firms must do. Regulated entities are urged to participate and respond to the consultation papers available on AMLA’s website.
Legal basis. Article 69(3) of Regulation (EU) 2024/1624 and Article 40(2) of Directive (EU) 2024/1640
Regulatory objective. To standardize reporting formats and assess risk profiles in the non-financial sector.
Who Is in Scope?
The consultations engage a wide range of Regulated Entities.
- CIFs
- ASPs
- UCITS Management Companies
- Internally managed UCITS
- AIFMs
- Internally managed AIFs
- Internally managed AIFLNPs
- Companies managing AIFLNPs
- Crypto Asset Service Providers
- Small AIFMs
- Crowdfunding Service Providers
Edge cases and exceptions:
- Crypto Asset Service Providers: include emerging compliance needs
- Small AIFMs: attention to evolving risk profiles
Key Requirements Breakdown
Reporting / Submission Requirements
The format for reporting suspicions as outlined in draft ITS under AMLR.
Data or Form Requirements
Draft ITS documents, interpretative notes, and annexes available on AMLA’s site.
Practical Implementation: What Firms Should Do
In practice, firms should review the draft documents on AMLA’s site and prepare feedback before the submission deadlines. Common mistakes include missing deadlines and failing to register for public hearings. CySEC expects proactive engagement from stakeholders to fine-tune these standards.
Key Dates and Deadlines
| Date | What happens |
|---|---|
| 20 September 2026 | Deadline for comments on the draft ITS under AMLR. |
| 27 September 2026 | Deadline for comments on the draft RTS under AMLD6. |
| 9 September 2026 | Public Hearing on draft ITS under AMLR. |
| 10 September 2026 | Public Hearing on draft RTS under AMLD6. |
How to Apply This Correctly
- Review draft ITS and RTS documents on AMLA’s website.
- Register for public hearings before the scheduled dates.
- Submit comments via the provided links by the respective deadlines.
Compliance Officer Checklist
- Check draft ITS and RTS documents
- Register for public hearings
- Submit comments by deadlines
Evidence to Retain
- Draft ITS document
- Draft RTS document
- Consultation paper link
- Public hearing registration
Why This Matters
Engagement in AMLA’s consultations is crucial for influencing standardized regulatory requirements. Non-compliance with these evolving frameworks can risk penalties and weaken your firm’s AML defenses, impacting your reputation and operational integrity.
Frequently Asked Questions
Who should participate in these AMLA consultations?
The consultations are open to all stakeholders, specifically involving regulated entities like CIFs, ASPs, UCITS Management Companies, and others.
What are the key dates to remember?
Comments for ITS are due by 20 September 2026 and for RTS by 27 September 2026. Public hearings are scheduled for 9 and 10 September 2026.
Where can I find the consultation documents?
Documents are available on the relevant website of the AMLA, including links to the consultation papers and registration for public hearings.
What happens if we don’t participate?
Failure to participate may result in less consideration of your sector’s challenges and implications in the final standards, impacting regulatory compliance and risk profiles.
What do the ITS and RTS drafts cover?
The ITS covers the format for reporting suspicions under AMLR; the RTS addresses risk assessment for non-financial sector obliged entities under AMLD6.
How CX Financia Can Support You
CX Financia offers services in Regulatory Compliance and Risk Management to support your engagement with these consultations. We ensure your feedback is effectively communicated and aligns with the emerging standards. Contact us for advisory on participation and compliance preparation.
Disclaimer
General information, not regulatory advice…