Training Objectives

After the completion of this seminar, participants will be able to grasp an understanding of the main legal characteristics and operating requirements of AIFs under the AIF Law, as well as the various roles and responsibilities such as the AIFM and the Depositary.

Training Outline

An Overview of the Cyprus Fund Market

• Timeline of Legal Developments
• The Cyprus Fund Market Today: A glance at statistics
• The Prospects and Challenges

Definition, Legal Form, Classification and Structure

• Definition and Terminology
• Legal Forms: The Investment Company, The Common Fund, The Limited Partnership
• The Open-ended / Close Ended AIF
• The Single Fund Structure and the Umbrella Fund Scheme
• Management of the AIF: Self- Managed vs Externally Managed
• The ‘Mini Manager’ 2020
• The Limited Number of Persons AIF (AIFLNP) vs Unlimited Number of Persons AIF
• The Listed AIFs
• The Registered AIFs (RAIFs)
• Authorisation of AIFs

Main Operating Conditions of the AIF

• Registered Office
• Appointment of Depositary
• Minimum Initial Capital
• Maintaining Minimum Assets
• Management and Administration of an AIF
• Investment Policy
• Risk Management
• Conflicts of Interest
• Valuation of Assets
• Subscriptions and Redemptions of Units
• Marketing and Distribution
• The Professional/well informed Investor
• Dissolution and Liquidation

Roles and Responsibilities related to the Operation of AIFs

• Defining Roles and Responsibilities
• The AIFM in overview
• The Depositary: Basic overview of the functions and duties of Depositary
• The Investment Advisor: Example of the role and functions
• The Investment Committee
• Other Significant Roles related to the Operation of AIFs

Who Should Attend

This course is applicable to all professionals employed in the Fund Sector or seeking to join the Fund Industry such as Fund Managers, Fund Administrators, Compliance Officers, Depositories, Risk Managers or third -party professionals such as Lawyers, Accountants and Fiduciary Service Providers, who wish to gain an insight into Cyprus Funds Law and the Cyprus Funds Industry.

Training Style

The programme is designed to deliver knowledge and enhance participants’ skills via short lectures and practical examples. Participants will also benefit from feedback and take away the knowledge gained to be transferred to their workplace.

Questions by participants will be answered throughout. Real time examples and document samples will also be provided, where available. Participants will be interactively involved through an exchange of views and personal professional experiences.

CPD Recognition

This programme may be approved for up to 5 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.