(Updated 03 August 2018)
Cyprus Registered Alternative Investment Funds (RAIF)
– no CySEC licence required.
The new Cyprus Law regulating Alternative Investment
Funds, approved by the parliament on 10 July 2018, provides for
so-called Registered Alternative Investment Funds (RAIF), which
will not be regulated by the Cyprus Security and Exchange
Commission (CySEC).
The new Alternative Investment Funds Law 2018, regulating
Alternative Investment Funds registered in Cyprus, which replaces
the previous Law 131(I)/2014 regulating the Alternative Investment
Funds, has been published by CySEC on 31 July 2018. The new AIF Law is yet only available in Greek
language. The provisions regarding Regulated Alternative
Investment Funds (RAIFs) are stipulated in Part VIII of the Law.
However, several details of RAIFs are not referred to in the Law;
CySEC is preparing a Directive covering all details and practical
issues, which is expected to be published within one month. We
