CySEC Circular C611 - CIFs Quarterly Statistics (Form QST-CIF) – 31/12/2023 Submission

Relevant to: Cyprus Investment Firms (‘CIFs’)

Circular C611 (“the Circular”) dated 22/12/2023 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (the ‘CySEC Law’).

Through Circular C611, CySEC wishes to inform all CIFs for the obligation to submit the Quarterly Statistics Form.

The key takeaways from CySEC’s C611 circular can be found below:

The latest version of the Form QST-CIF, Version 12, found in the Appendix, must be completed and submitted to CySEC by all CIFs that were authorised by December 31, 2023. In this respect, CIFs that were authorised by December 31, 2023, but have not made use of their authorisation must also submit the Form.
The deadline to submit the Form is by Monday, 05/02/2024, the latest. The Form must be successfully submitted electronically, via the CySEC’s Transaction Reporting System (‘TRS’). The Form is regarded as being successfully submitted to CySEC, only when a NO ERROR indication feedback file is received.
The steps that CIFs will have to follow, for the successful submission of the Form to the TRS, can be found here.
The deadline for submissions of the Form to TRS is 5 weeks after each quarter end. Therefore, submission deadlines for the 2024 QST Forms is presumed to be as follows:

Circular C611 also refers to the method of creating, signing and submitting the Form to CySEC and other useful information for completing and submitting the Form.

Should you need more information or assistance with completing the Form, you can email us at info@mnkriskconsulting.com or call us at 25-508201.