Circular C537 (“the Circular”) dated 30/11/2022 introduces the New Form CBRT-CIF, Freedom to Provide Investment Services and Activities (Cross Border Activity) CySEC has released a new reporting obligation for CIFs, Form CBRT-CIF (‘the Form’), for the collection of data regarding the CIFs’ cross border provision of services to their retail clients (and clients treated as professionals on request), analysed per each Member State. Reporting Requirement...Read More
Circular C534 (“the Circular”) dated 29/11/2022 replaces Circular 256 in relation to the provision of investment and ancillary services and/or performance of investment activities in third countries Through Circular C534, CySEC wishes to inform the Cyprus Investment Firms (‘CIFs’) of its decision to replace Circular C256, regarding the provision of investment and ancillary services and/or performance of investment activities in third countries. The key takeaways...Read More
Circular C528 (“the Circular”) dated 02/09/2022 wishes to remind all CySEC regulated Variable Capital Investment Companies of the actions to be taken in relation to the amendment of their Constitutional Documents The Cyprus Securities and Exchange Commission (the ‘CySEC’) wishes to remind all regulated Variable Capital Investment Companies, including: Alternative Investment Fund Managers (‘AIFMs’);UCITS Management Companies (‘UCITS MC’);Self-Managed Alternative Investment Funds (‘SM AIFs’);Self-Managed Alternative Investment...Read More
Circular C526 (“the Circular”) dated 10/08/2022 introduces the Common weaknesses identified during the review of the Recovery Plans (Form 20-01) submitted by CIFs which qualify for the simplified Recovery Plans. The Cyprus Securities and Exchange Commission (the ‘CySEC’) wishes to inform the Cyprus Investment Firms[1] (the ‘CIFs’) which fulfil the criteria of par. 4 of the Directive DI20-01 on the establishment of simplified obligations as...Read More
Circular C518 (“the Circular”) dated 22/06/2022 introduces the Prudential Form 165-03 ‘Prudential Supervision Information’ and Prudential Form 165-04 ‘Application form for prudential permissions’. The Cyprus Securities and Exchange Commission (the ‘CySEC’) wishes to inform the Cyprus Investment Firms (the ‘CIFs’) about the introduction of the new Prudential Forms 165-03 and 165-04 and the need for submission to CySEC. The key takeaways from CySEC’s C518 circular...Read More
