In 2014 the Cyprus Securities and Exchange Commission introduced a risk-based supervision framework for Cyprus Investment Firms, UCITS management companies, alternative investment fund managers and self-managed alternative investment funds.

These entities are now required to submit the financial and other information required under the risk-based supervision framework in respect of the year 2015 using the appropriate reporting package, which is available on CySEC's website. The requirement applies to all regulated entities that were authorised and operating at 31 December 2015: entities that were authorised by 31 December but that had not made use of their authorisation are not required to submit information.

The reporting package must be completed in respect of the calendar year 2015, using 31 December 2015 as the reference date, and submitted via CySEC's electronic transaction reporting system no later than 10 June 2016. The data reported must be based on audited financial statements. Penalties may be imposed on entities which fail to report within the prescribed time.

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