The Cyprus Presidency of the Council of the EU plans to continue efforts to advance legislative work on the Savings and Investment Union (SIU). In its six-month work programme, unveiled on Sunday 21 December (see EUROPE B13778A3), Nicosia intends to “advance measures that will increase the efficiency of capital markets by simplifying and improving EU rules, while at the same time, ensuring a high level of investor protection”. In the area of financial services, Cyprus is expected to...