European Institute of Management and Finance | Overview of the Cyprus Fund Sector: A Legal and Operational Approach
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Overview of the Cyprus Fund Sector: A Legal and Operational Approach

Overview of the Cyprus Fund Sector: A Legal and Operational Approach

In the last few years, Cyprus has grown to be one of the fastest emerging fund markets in Europe. The passing of the Alternative Investment Fund Law of 2014 and the transposition of the UCITS IV Directive into domestic Law in 2012 have harmonized the local regulatory framework in line with the EU fund regulations, increasing the country’s competitive position and opening the market for the set up of Cyprus funds which can be marketed domestically and in the EU.  With a market now built on strong legal foundations, the business environment is created for fund managers, custodians, and administrators to operate and with their significant contribution the Cyprus fund market shall continue developing.


Participants to this seminar will be given the opportunity to gain an overview and understanding of the Cyprus Fund Sector from a legal and operational perspective. The various legal provisions will be analysed and their practical application illustrated.

Course Content 

  • An Overview of the Cyprus Funds Industry: The Historical Background, the Market Today, the Prospects and the Constraints.
  • The AIF & UCITS Legal Regime: The Role and Scope of Regulation, the Aims it pursues to Achieve and the role of the Regulator. The harmonization of product as an end towards a consolidated EU Fund Industry.
  • A Thorough Analysis of the main Regulatory Provisions of AIF, AIFM and UCITS Law in Cyprus: Definitions and Terminology, Legal Form, Structure and Classification, Inherent Legal Characteristics, Set up and Licensing, Capital Requirements, Operation Provisions, Good Governance, Delegation of Functions, Diversification Requirements and Investment Restrictions, NAV Calculation and Publishing, Marketing and Distribution of Units, Dissolution and Liquidation and other.
  • An introduction of the Primary Players in the Funds industry and an extensive insight in their respective roles and operation: The Fund Manager, The Administrator, The Custodian/Depositary, The Compliance Officer, The Investment Advisor.
  • Taxation and the effect of CRS on Funds and their Investors.
  • AML and Compliance in the Funds Sector. The allocation of legal responsibility, KYC documentation requirements, Investor Compliance, Compliance & Statistical Reporting, the ‘Risk based approach’ as per the 4th AML Directive.
  • The Upcoming Legal Developments and a critical approach on their effect in the Industry: The Introduction of ‘The Mini Manager’, ‘The Registered Fund’, ‘The new Administrators’ Regulation’.

Who should attend

Investment Funds Professionals, Fund Administrators, Fund Custodians, Legal Professionals that deal with Funds, Compliance Officers, Investment Advisors, Portfolio Managers, Risk Managers, Accountants, Fiduciary Service Providers and other Professionals who wish to gain an insight into Cyprus Funds Law and the Cyprus Funds Industry.

DATES: 27 March



LOCATION: EIMF Premises, Nicosia

TIME: 09:00 - 14:30

FEES: €180 + VAT

Start DateCourse TitleLocationCPD UnitsStatus
5 FebruaryAlternative Investment Funds (AIF) and Undertakings in Collective Investment Transferable Securities (UCITS)Nicosia6COMPLETED
7 FebruaryFundamentals of Fund Administration and CustodyNicosia5COMPLETED
27 FebruaryInvestment Fund Administration, Operations & CustodyNicosia 5COMPLETED
5 MarchAsset SecuritisationNicoasia5COMPLETED
8 MarchCII Award in Investment Planning
21 MarchUnderstanding the role and responsibilities of the depository under AIF, UCITS and AIFLNPsNicosia5UPCOMING
27 MarchOverview of the Cyprus Fund Sector: A legal Operational ApproachNicosia5UPCOMING
19 AprilInstitutional Portfolio ManagementNicosiaUPCOMING
23 AprilFund Administration A to ZNicosia6UPCOMING
10 MayRegulation (EU) 2017/1131 on money market fundsNicosiaUPCOMING
12 MayProspectus Law and Public TakeoversNicosiaUPCOMING
17 MayPackaged Retail and Insurance-based Investment Products (PRIIPs)NicosiaUPCOMING
17 MayUnderstanding and Negotiating ISDA Master Agreement OTC DocumentationNicosiaUPCOMING
29 MayAlternative Investment Funds (AIF), AIFMD, and Undertakings for Collective Investment in Transferable Securities (UCITS)Nicosia6UPCOMING
14 JuneCompliance in the Financial Services Sector – the Compliance Function in PracticeLimassol10UPCOMING

Participants will receive a certificate for successful participation indicating all topics covered

Register Here

If you need help completing the online registration form, please give us a call at 2227 4470 or email us at 

Trainer: Athos Myrianthous

Mr. Athos Myrianthous is a senior Legal Advocate with expertise in Finance and Commercial Law. He holds an Honours degree in Law (LLB) from Queen Mary University London, a Masters Degree in International Commercial Law (LLM) from the University of Westminster and a Masters Degree in Finance (MSC .SH) from Cass Business School, City University. He is a member of the Cyprus Bar, the Cyprus Investment Funds Association (CIFA) and a holder of CYSEC’s Advanced Certificate in Financial Services Legal Framework. He held various positions in the Legal and Finance Sector and provided expert advice and technical assistance in Finance Law, Funds Law and International Commercial Law both on a local and International level. He is currently a Manager in BDO Fund Services, specializing in Fund Set Up, Administration and Compliance.