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ARTICLE · 09 SEPTEMBER 2014

The Alternative Investment Funds Law

Elias Neocleous & Co LLC
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The Alternative Investment Funds Law of 2014 was enacted by the Cyprus parliament on 10 July 2014 and entered into force fat the end of July.

CyprusWealth Management
Elias Neocleous
Elias Neocleous
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The Alternative Investment Funds Law of 2014 (the "AIF Law") was enacted by the Cyprus parliament on 10 July 2014 and entered into force fat the end of July. The AIF Law replaces and repeals the International Collective Investment Schemes Law (the "ICIS Law"), which has been in place since 1999.

Under the ICIS Law, International Collective Investment Schemes ("ICIS") were regulated and supervised by the Central Bank of Cyprus. The AIF Law gives the Cyprus Securities and Exchange Commission ("CySEC") responsibility regulation and supervision of alternative investment funds ("AIFs"), bringing all investment products, asset managers and investment firms under a single regulatory body.

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