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 Laws of 2014 and 2018, 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 setup 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. On 10 July 2018, the Cyprus Parliament approved Law 126 p1/2018 which introduced the RAIF and added new requirements for AIF Funds such as the minimum assets requirement. Furthermore, it clarified the AIF Law with various amendments.
Participants of 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.
Training Objectives
Training Outline
An Overview of the Cyprus Funds Industry
The Legal Regime of the Funds in Cyprus
A Thorough Analysis of the main Regulatory Provisions for AIF Funds and their Operation in Cyprus
Operation & Organisation of AIF Funds: Common Provisions
An introduction of the Primary Roles in the Funds industry and an extensive insight in their respective responsibilities and operation
Taxation and the effect of CRS on Funds and their Investors
AML and Compliance in the Funds Sector
The latest Legal Developments and a critical approach on their effect in the Industry: The Introduction of
Training Style
The programme’s context and educational material will be illustrated and explained to participants in detail. Questions by participants will be answered throughout. Real time examples and document samples will be provided, where available. In certain occasions, participants will be more interactively involved through an exchange of views and personal professional experiences.
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.