Introduction

CySEC issued Circular C787 on July 1, 2026, informing Cyprus Investment Firms (CIFs) of mandatory quarterly statistics submission using Form QST-CIF for the period ending June 30, 2026. This is a reminder of an existing obligation with a submission deadline of August 4, 2026.

CySEC Circular C787 – At a Glance

• Issued date: July 01, 2026
• Applies to: Cyprus Investment Firms
• Deadline: August 4, 2026  -> This is the final date for successful electronic submission. No extensions will be granted. Under Section 37(5) of the CySEC Law, failing to secure a validation receipt exposes the firm to immediate administrative penalties.
• Key requirement: Submit Form QST-CIF electronically via TRS
• Submission method: CySEC’s Transaction Reporting System (TRS)

What Does This Circular Require?

What firms must do. Complete and submit Form QST-CIF by the deadline, ensuring no errors before final submission.

Legal basis. Section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law

Regulatory objective. Accurate and timely submission of quarterly statistics by CIFs

Who Is in Scope?

This circular affects all CIFs authorized by CySEC as of June 30, 2026.

• Cyprus Investment Firms

Key Requirements Breakdown

Reporting / Submission Requirements

CIFs must report data in Euro, ensuring figures are aligned with specified reporting periods.

Data or Form Requirements

Use Form QST-CIF Version 19, available in English.

Technical / System Requirements

Ensure Excel files are in 2007 version or later and submit through TRS.

Validation or Approval Process

All validation tests in the Form must be TRUE before submission.

Practical Implementation: What Firms Should Do

In practice, ensure the Excel Form is correctly populated, named using the specified convention, and checked for errors before submission. Submit by August 4, 2026, via the TRS system. Avoid common pitfalls like ignoring the latest instructions or submitting incomplete forms.

Key Dates and Deadlines

Date	What happens
August 4, 2026	Deadline for submission of Form QST-CIF

Step-by-Step Submission Process

1. Ensure your TRS credentials are current.
2. Download Form QST-CIF Version 19.
3. Populate the Form with data in Euro.
4. Perform all validation checks ensuring all are TRUE.
5. Name the Excel file using the specified convention.
6. Submit the file electronically via TRS before August 4, 2026.
7. Obtain the feedback file with NO ERROR confirmation.

Compliance Officer Checklist

• Download latest Form QST-CIF.
• Check TRS credentials.
• Review reporting periods.
• Perform validation checks.
• Submit using correct file convention.

Evidence to Retain

• Feedback file with NO ERROR indication from TRS
• Digital records of submitted Form QST-CIF

Why This Matters

Timely and accurate submissions ensure regulatory compliance, avoiding potential administrative penalties under section 37(5) of the CySEC Law. Compliance ensures firms meet their statutory obligations, strengthening market integrity and transparency.

Frequently Asked Questions

When is the deadline for submitting Form QST-CIF?

The deadline for submitting Form QST-CIF is Tuesday, August 4, 2026. Extensions will not be granted.

What should I do if I encounter errors during submission?

Review and correct all errors on the Form before re-submitting it. Submission is successful only when a NO ERROR feedback file is received.

Which version of Excel is required for submission?

The Excel Form must be in the 2007 version or newer. Ensure the extension .xlsx is not added manually.

Where can I find instructions for completing the Form?

Instructions are located in the ‘Instructions’ worksheet of the Form QST-CIF Version 19.

How should the Excel file be named for submission?

Use the format Username_yyyymmdd_QST-CIF, where yyyyMMdd represents the reporting period end date.

How CX Financia Can Support You

Navigating simultaneous data streams during peak summer vacation cycles regularly creates operational resource bottlenecks.

Our Regulatory Compliance and Risk Management team provides end-to-end support to ensure your returns are flawless. We assist with:

• Deploying structured Compliance Monitoring Services to align your historical quarterly entries.

• Conducting full Submission Readiness Support data audits to scrub errors before you execute your TRS upload.

• Cross-border data structuring via our specialized Cross-Border and MiFID II Advisory teams.

For direct downloads, structural schemas, and official guidelines concerning this mandatory reporting obligation, verify your technical data sets via the primary portals:

• CySEC Portal Downloads: Access the official Cyprus Securities and Exchange Commission (CySEC) Notifications & Forms Portal to retrieve the active Form QST-CIF Version 19 spreadsheet.

• ESMA Regulatory Standards: View the European Securities and Markets Authority (ESMA) framework to track how national macro-statistical data collection exercises inform systemic risk monitoring under MiFID II.

Disclaimer

General information, not regulatory advice…