Compliance Information

Notification on “market soundings”

This notification is addressed to all potential ‘disclosing market participants’ (as defined in Regulation (EU) 596/2014 on market abuse (“MAR”) in relation to conducting “market soundings” (meaning ascribed to it in Article 11 of MAR)

Please note that, for the purposes of Article 11 of MAR and Article 3 of the Market Soundings RTS, you should only contact Compliance of SIB (Cyprus) Limited at Compliance will make an appropriate determination on whether to accept the market sounding and will confirm to you that further discussions relating to the relevant market sounding may be conducted with one or more colleagues (contact details of whom will be provided), in which case you are permitted to conduct such further discussions with such other colleagues.
Note: Before you approach SIB (Cyprus) Limited with a market sounding, you should have already assessed whether the market sounding will involve inside information.

Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) Reporting Requirements

To the clients of SIB (Cyprus) Limited

Dear clients,

Please be informed that in connection with the US Foreign Account Tax Compliance Act (hereinafter – "FATCA") which came into force on July 1, 2014 SIB (Cyprus) Limited registered at the US Internal Revenue Service under the status of Reporting Model 1 FFI with the global intermediary identification number (GIIN) JPCJ0H.00013.ME.196. It means that SIB (Cyprus) Limited has assumed an obligation to fully comply with FATCA.

The Republic of Cyprus signed on 29 October 2014, the Multilateral Competent Authority Agreement for the automatic exchange of financial information of financial accounts which was developed by the Organisation for Economic Cooperation and Development (OECD).

The Republic of Cyprus signed on 2 December 2014 an intergovernmental agreement between Cyprus and USA in regards the automatic exchange of financial account information for US citizens as per the requirements of the Foreign Account Tax Compliance Act (FATCA).

Further information in relation to CRS and FATCA agreements can be found at the OECD and Internal Revenue Service’s (IRS) official websites:

Through the implementation of the FATCA and CRS agreements, SIB (Cyprus) Ltd is required to collect certain information from you. For this reason, you will asked to complete certain questionnaires.

This information may be submitted to the Cyprus Tax authorities and to the Tax Authorities of other Countries (as per the CRS framework), as well as the Tax Authorities of the United States of America (as per the FATCA framework).

SIB (Cyprus) Ltd as a Cyprus Investment Firm is not allowed to offer any tax advice. If you have questions concerning the Self Certification form or determination of your tax residency please consult your tax/legal advisor or accountant.

Should you have any questions related to this message please contact your relationship manager.

CRS Glossary

Risk Disclosure Statement

Risk Disclosure Statement


Head Office:
Alpha Business Centre,
1st Floor, Block B,
27 Pindarou Street,
1060 Nicosia, Cyprus

Postal Address:
P.O. Box 20934
CY-1665 Nicosia, Cyprus

Tel: +357 22 41 9000
Fax: +357 22 41 9100

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