While the genesis of the Cyprus Funds Industry originates back
in 1997 with the introduction of the International Collective
Investment Schemes (ICIS), the industry experienced its real growth
over the last 5 years with the transposition of the latest European
Regulatory Frameworks (UCITS Directive, AIFMD and MiFID II) into
national legislation and the development of an ecosystem that can
support a truly modern European Fund Hive.
The Cyprus Fund ecosystem, comprising of a prudent, yet
business-oriented regulator (the Cyprus Securities and Exchange
Commission), international-calibre professional service providers
and administrators, distinguished law firms and
UCITSD/AIFMD-compliant Depositaries, makes for a solid foundation
on which the industry can grow and create an attractive environment
for the establishment of Funds, Fund Management Companies and Fund
Servicing Companies. This is supported by the tangible evidence
seen in the level of Assets under Management
