Alternative Investment Funds (AIF), AIFMD, and Undertakings for Collective Investment in Transferable Securities (UCITS) (CPD)

Further to the enactment of the Open-Ended Undertakings for Collective Investment (UCI) Law of 2012, the Alternative Investment Funds (AIF) Law of 2014, and the 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.

In this respect, and due to our mission to support the Financial Services Sector, the European Institute of Management and Finance, as the leading and most specialised Training Provider in the Sector, is organising a 10-hour Seminar on AIF and UCITS. Among others, the Course will present the regulatory framework that covers funds in Cyprus and review the scope and applicability of the provisions of the legislation regarding UCITS & AIF management companies, authorized services, depositories, custodians, specific types of funds as well as EU passport and regulation.

Seminar Content:

  • Master Feeder UCITS
  • Merger of UCITS
  • Split of UCITS
  • Foreign Undertakings
  • Management Companies
  • Cross Border Provision of Services
  • Supervision
  • Measures and Sanctions by CySEC
  • AIF
  • Purpose and Scope of AIF law
  • Types and forms of AIFs
  • Umbrella Structures, Common Funds, Public Offerings, Listing possibilities
  • The Depositary Function
  • AIFM
  • Authorisations, Operating Conditions, Organisational Requirements, and Delegation of Functions of AIF Managers
  • Transparency Requirements and Marketing of Units
  • Cooperation with other Authorities 

Who should attend:

Investment Services Professionals, Legal Professionals, Accountants, Fiduciary Service providers, and individuals that want to learn about the Cyprus Fund regulatory framework. Also those that aim to obtain their CPD training, as required by CySEC, CyBAR, and the ICPAC.

Continuous Professional Development (CPD)

According to CySEC’s requirements, persons registered in the Public Register of Certified Persons must renew their registration on a yearly basis by submitting to CySEC within two months from the end of each calendar year a statement of continued professional training on topics that fall within the existing legislation on the capital market.

Furthermore, the ICPAC has put in place Continuous Professional Development (CPD) requirements based on ACCA’s CPD programme. ICPAC requires all members to undertake relevant CPD throughout their career, to ensure that they maintain and develop the knowledge, skills and expertise needed to succeed in their profession.

DATES: 6, 7, 8, February

DURATION: 10 Hours

LOCATION: EIMF Premises, Nicosia

TIME: 17:15 – 21:00

FEES: HRDA eligible €180, non-HRDA eligible €350 (both + €66.50VAT)

Registration Form

You can register by sending the completed registration form above to [email protected] or via fax to 2227 4475. If you need help completing the form, please give us a call at 2227 4470

In-House Training

If you would like to discuss bringing this or another topic to your organization on an in-house basis please call us at 22274470 or email us at [email protected].

Instructor: Mr Alexis Kartalis

Mr. A. Kartalis was born in Athens in 1968. He graduated from the Department of Statistics of Athens University of Economics and Business (ex A.S.O.E.E) in 1991. In 2003 he got an MBA in Finance from ESCEM. He is a certified derivatives clearer.

He started his career from Citibank Athens, where he worked from 1994 till 197. From 1997 till 2012 he worked at BNP Paribas Securities Services Athens, initially as Head of Securities Operations and then as General Manager.

From September 2013 till today he works as General Manager in GMM Global Money Managers Ltd, a Cypriot mutual funds management company.

He is married and he has two children, while he systematically practices in long distance running