This Seminar aims to provide participants the knowledge and understanding to be able to set up a fund in Cyprus from A to Z. The Cyprus Fund Industry and the basic legal characteristics of AIF funds are examined so that participants are able to comprehensively understand every step of the process. All set up stages are thoroughly analyzed, including the application for authorization and the drafting of legal documents.
Seminar Content:
An Introduction to Cyprus Funds:
Timeline of Legal Developments in the Fund Sector in Cyprus
An overview of the Funds Market today
Illustrating the Prospects and Challenges of the Cyprus funds industry
An overview of the AIF Fund
Description of the Legal Form and basic Characteristics
Analysis of the various types of AIF funds, the structure and other classifications
The main players in the fund industry and a brief overview of their respective roles
Setting Up the Fund
The below will be examined:
Correctly assessing client needs and providing appropriate advice
Creating the most suitable fund structure & assigning roles
Set up the correct mechanics for the fund to be functional
Pre-defining investment decision process/ strategy/objectives/risks/liquidity mechanisms etc.
Investment Committees & their role
Appointing the Fund Manager, Investment Advisor, Administrator, Custodian
Promotion of the Application
The ‘Applicant’ and the ‘Application Promoter’
Description of Application Process: Map
Clearly defining roles and responsibilities in the Application Process
Setting of the correct timeframe: Time optimization, the fast track procedure, measures to be proactive and save time in the process
Letters of engagement, Applying for name, gathering documentation
Efficient Liasoning with the Regulator and the other involved parties
Analysis of the Information to be filed with CYSEC together with the Application
Explaining the Licensing ‘Documentation checklist’
Drafting of Documents & Filing the Application
Drafting the Legal documents. Going through the Instruments of Incorporation, Partnership Agreement, Prospectus and Common Fund Rules.
Analyzing various significant clauses, their wording and their effect, identifying problems in their application etc.
The Application Form. How to complete.
Confirmations/Letters of Commitment by Fund Manager, Depositary etc.
The personal questionnaires for directors and shareholders
KYC and other supporting documents. What is accepted by the Regulator
Other documentation which may be required by CYSEC
The proper Certification of documents
Filing the Application and the supporting Documents
Post Authorization: Activating the Fund
Communication of Authorization by CYSEC
Description of the post- authorization Activation Process
Corporate Documents and the Companies Registrar
Service L Agreements and filing with CYSEC
Opening of Bank Accounts and operational meetings
Minimum Initial Capital Deposit
Obtaining ISIN, LEI, CFI codes
Activation, Operations, Marketing and Distribution
Who Should Attend
The course applies to professionals employed within the Funds sector or those wishing to join the industry and who are particularly interested in the fund set-up process. These may include professionals from the fund sector such as fund managers and fund administrators or third party professionals involved or seeking to get involved in setting up funds such as lawyers, accountants and corporate service providers.
Fund Set Up: A to Z
For 3 registrations from the same entity, a standard 10% discount will apply. For over 4 registrations please contact us.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.