The Alternative Investment Fund (AIF) Managers Law and The AIF Law: Latest Regulatory Updates and Risk Monitoring of AIFs
Instructors: Mr. Alkis Konstantinou & Mrs. Damiani Papatheodotou
- Further to the Alternative Investment Funds (AIF) Law of 2018, and the European Alternative Investment Funds Managers Directive of 2011, Cyprus became one of the most cost-effective and advantageous jurisdictions for the establishment of investment funds, offering great opportunities for fund managers to structure and grow their business in Europe and beyond. This has increased the demand for the registration of said funds in Cyprus, making the jurisdiction one of the stronger hubs for Funds in the region. Appropriate risk management systems need to be maintained by all AIFs to enable them to identify, measure, manage and duly monitor the risks related to the positions that they undertake and the contribution of these positions to their overall risk profile.
- To understand the basic features of the AIF Law;
- To categorise Alternative Investment Funds (“AIFs”) based on their characteristics;
- To understand the reporting requirements of AIFs;
- To categorise the various risk type that AIFs are exposed to;
- To measure and monitor regulatory and internal risk limits in an effort to mitigate such risks;
- To be able to set-up and manage a fund;
- To prepare a Key Investor Information Document (“KIID”);
- To choose the best organisational structure for their AIF business;
- To establish internal policies, supporting procedures and methodologies in accordance with the AIF Law;
- To establish an effective risk management system to enable them to monitor and mitigate their exposure to risks;
- To coordinate between the various stakeholders involved in the running of a fund business;
- To articulate the obligations of AIFs towards CySEC and other regulatory authorities.