Training Objectives

By the end of the programme, participants will:

• Explain the legal developments in the Cyprus Fund industry, their historical context, and their impact on the current landscape.
• Describe the various types of funds, their legal forms, and the basic characteristics of Alternative Investment Funds (AIFs).
• Describe the key components of the Cyprus Fund market
• Name the characteristics and importance of the function of fund administration

• Describe the regulations governing the fund industry
• Name the reporting and documentation requirements for fund administrators
• Develop strategies for investor protection and master service level agreements in the fund industry.
• Explain the responsibilities and duties of fund administrators, emphasising their role in investor protection
• Explain the rationale for subjecting Fund Administrators to uniform authorisation and ongoing operating requirements,
• Show the compliance of the Fund Manager with its obligations under applicable legislation
• Explain the compliance and reporting practices of fund administrators

Training Outline

An Introduction to Cyprus Funds

• Overview of Cyprus Fund Market
• Legal Developments Timeline
• Statistics on the Cyprus Fund Market

Types of Funds and Legal Framework

• Various Types of Funds
• Legal Form and Structure
• Basic Characteristics of AIF Funds
• Management Types: Externally Managed vs. Self-Managed
• The ‘Mini Manager’ and Registered AIF (RAIF)

Fund Industry Regulation

• Regulatory Framework (AIFMD, UCITSD, AIF Law, AIFLNP, AIFM Law, CIFs Law, ASP Law, FATCA, CRS)
• Entities Operating as Fund Administrators in Cyprus (Regulated and Unregulated)
• Non-Cyprus UCIs with Cypriot Fund Administrators

The Role of Licensed Fund Administrators

• Responsibilities and Duties of Fund Administrators
• Investor Protection and Master Service Level Agreements
• Investment and Marketing Strategies
• Industry Best Practices in Fund Administration

Fund Administrator Compliance and Reporting

• AML and KYC Compliance
• Reporting and Documentation Requirements
• The Role of Compliance Officers
• Regulatory Reporting and Investor Documentation
• Cross-Border Compliance Challenges

Case Studies in Regulatory Compliance

Upcoming Legal Developments

Future Regulatory Changes in Fund Administration

Who Should Attend

• Senior Management and Executives
• Compliance Officers
• Internal Auditors
• Fund Managers
• Fund Administrators
• Risk Managers
• Professionals working in the Financial Industry
• Legal and Regulatory Professionals
• Government Regulators and Inspectors
• Consultants and Advisors
• Financial advisors
• Policymakers and Regulators
• Investor Relations and Client Advisors
• Financial Analysts and Auditors

Training Style

Through an illustrated presentation a detailed account will be provided along with questions and answers throughout the workshop. Real time examples will be provided, and participants will be actively involved through an exchange of views and personal professional experiences.

CPD Recognition

This programme may be approved for up to 10 CPD units in Financial Regulation and AML. 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.