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ARTICLE · 24 DECEMBER 2021

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Cyprus Introduces New Law On Sub Threshold AIFMs

Elias Neocleous & Co LLC
Elias Neocleous & Co LLC
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Elias Neocleous & Co LLC

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC (ENC) is among the largest firms in southeast Europe and the Eastern...

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Lawyers from Elias Neocleous & Co look at the new rules and how the new regime will look for alternative investment fund managers.

CyprusStrategy

The provisions of the EU Directive 2011/61/EU on alternative investment fund managers (AIFMD) have been transposed into the Law on Alternative Investment Fund Managers L. 8(I)/2015, as in force (the Cyprus AIFM Law). On a Cyprus-specific level, the Law on Alternative Investment Funds L. 124(I)/2018 (the Cyprus AIF Law) put in place a regime applicable to the authorisation, operation and regulation of such collective investment vehicles that operate as alternative investment funds (AIFs) in various legal forms recognised by the Cyprus AIF Law. Against this legal background, the EU level 2 framework on AIFMD, together with the secondary legislation of the Cyprus Securities and Exchange Commission (CySEC) under the Cyprus AIFM Law and the AIF Law, further supplement and detail the sound framework for the establishment and operation of these regulated structures in and from Cyprus. From a commercial perspective, this regime at the disposal of managers of AIFs (AIFMs) has

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