The House finance committee in Cyprus is intensely debating proposed legal changes concerning the financial commissioner's powers and foreclosure procedures, particularly the binding nature of the commissioner's decisions.

Cyprus is progressing towards establishing a unified credit data exchange framework and a credit scoring system for individuals and businesses, with the House Finance Committee examining seven related bills.

An amendment allowing Cyta to provide new services, including energy, will be sent to plenum, following discussions on Monday at the House finance committee. A representative of the legal service said the Constitution did not restrict the scope of activities of Cyta and the electricity authority (EAC), however he pointed out that issues of competition […]

Cyprus's government foreclosure bills have been sent back to the Finance Ministry for revisions after the House Finance Committee identified gaps, particularly concerning procedural deadlines before properties are auctioned.

The House Finance Committee in Cyprus is set to examine two government bills aimed at improving the Financial Ombudsman's debt confirmation mechanism, including provisions for restructuring and enforcing decisions.

A legislative proposal in Cyprus, aimed at providing transitional relief for legacy stock option schemes implemented by Cypriot companies, was discussed by the House Finance Committee this week.

A new legislative bill aimed at regulating mortgages and foreclosures in Cyprus is not anticipated to be introduced until after the parliamentary election in May. A finance ministry spokeswoman confirmed the delay to the House finance committee.