Press release relating to the decree of the Government of the Republic of Cyprus imposing restrictive measures on certain financial transactions

The CSSF wishes to draw the attention to the decree of the Government of the Republic of Cyprus which imposes restrictive measures on certain financial transactions, as a follow-up to the agreement reached at the Eurogroup. An English language version of that decree is annexed. In line with the obligations flowing from European Union law as well as from the Articles of Agreement of the International Monetary Fund, all credit institutions and other financial professionals are called upon to take care not to enter into transactions which would run counter to the measures imposed by the Government of Cyprus.