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ARTICLE · 12 SEPTEMBER 2023

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Alternative Investment Funds 2023

Patrikios Legal
Patrikios Legal
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Patrikios Legal

Patrikios Legal

Patrikios Legal is a leading, highly recommended and multi-awarded law firm based in Cyprus. With...

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The establishment and operation of Alternative Investment Funds ("AIFs") is governed by the Alternative Investment Funds Law 124(I)/2018 ("AIF Law") as well as any secondary...

CyprusFinance and Banking
Angelos Onisiforou
Angelos Onisiforou
Angeliki Epaminonda
Angeliki Epaminonda
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1 Regulatory Framework

1.1 What legislation governs the establishment and operation of Alternative Investment Funds?

The establishment and operation of Alternative Investment Funds ("AIFs") is governed by the Alternative Investment Funds Law 124(I)/2018 ("AIF Law") as well as any secondary legislation issued in the form of derivatives/circulars by the Cyprus Securities and Exchange Commission ("CySEC") as well as by the European Securities and Markets Authority ("ESMA"). In addition, and depending on whether an AIF is internally and/or externally managed, the Alternative Investment Fund Managers Law of 2013 ("AIFM Law") and Directive 2011/61/EU ("AIFMD") provide further regulation in relation to this sector.

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