Cyprus:
Changes In The Registration Process Of Registered Alternative Investment Funds
02 March 2022
AGP Law | A.G. Paphitis & Co. LLC
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On 26.01.2022 CySEC published a new Circular C484 regarding the
registration of Registered Alternative Investment Funds (RAIFs)
with the CySEC RAIF Register (the 'Circular') which repeals
the CySEC Circular C285.
CySEC informs the External Managers of RAIFs about the amendment
of the Directive for the registration and de-registration of RAIFs
in the RAIFs register ("DI124-01"). The amending
Directive has been published on the CySEC website.
According to the Circular, CySEC shall, within one month from
the date of submission of the required information, assess whether
the authorization of the External Manager covers the management of
an AIF with the investment policy of the respective RAIF, and in
case it does, CySEC registers the RAIF in question with the CySEC
RAIFs Register and informs its external manager.
The External Managers shall ensure that each and every RAIF
under their management, complies with all of their obligations as
per the AIF Law, to be able to operate as RAIFs.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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