CySEC Extends the Deadline for the Submission of Annual Reports

The Cyprus Securities and Exchange Commission (CySEC) today announced its decision to put off the deadline of the submission of annual reports from all its regulated entities, including:

i. CIFs ( Investment Firms in Cyprus )

ii. ASPs (Applications Service Providers)

iii. UCITS (Undertakings for the Collective Investment in Transferable Securities. ) Management Companies 

iv. Internally managed UCITS

v. AIFMs (Alternative investment fund managers)

vi. Internally managed AIFs (Alternative investment fund)

vii. Internally managed AIFLNPs (Alternative Investment Fund with Limited Number of Persons)

viii. Companies with sole purpose the management of AIFLNPs

As the regulator explains, the decision is made due to the continuation of COVID-19.

In this respect,

1. The Internal Auditor's Annual Report and the relevant Board of Directors minutes (paragraph 6 of AML/CFT Directive) should be submitted to CySEC by the end of June 2021 at the latest.

2. The AMLCO’s Annual Report and the relevant Board of Directors minutes (paragraph 10(3) of AML/CFT Directive) should be submitted to CySEC by the end of May 2021 at the latest.

3. The Form of the Monthly Prevention Statement (paragraph 11 of AML/CFT Directive) of January, February and March 2021 should be submitted within 15 days from the end of April 2021.

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