CySEC Circular C789: Quarterly Statistics (Form QST-MC) Requirements, Deadlines & Compliance Guide
Introduction
The Cyprus Securities and Exchange Commission issued Circular C789 on July 1, 2026. It affects management companies and self-managed funds, requiring submission of the new Form QST-MC for Q2 2026. This is a clarification of the obligation to report quarterly statistics by July 31, 2026.
CySEC Circular C789 – At a Glance
- Issued date: July 1, 2026
- Applies to: AIFMs, Internally Managed Funds, UCITS
- Deadline: July 31, 2026
- Key requirement: Submit QST-MC electronically
- Submission method: TRS
What Does This Circular Require?
What firms must do. Complete and submit Form QST-MC by July 31, 2026. Address any submission errors before re-submission.
Legal basis. Cyprus Securities and Exchange Commission Law, section 25(1)(c)(ii) & (iii)
Regulatory objective. Ensure accurate quarterly data reporting
Who Is in Scope?
The circular applies to various financial entities required to report through the new form QST-MC.
- Alternative Investment Fund Managers
- Internally Managed Alternative Investment Funds
- UCITS Management Companies
- Internally Managed UCITS
- Internally Managed AIFLNPs
- Companies managing AIFLNPs
- Small AIFMs
Edge cases and exceptions:
- None reported
Key Requirements Breakdown
Reporting / Submission Requirements
Data must be reported in Euro, correctly formatted and validated.
Data or Form Requirements
New Form QST-MC Version 26 with an additional International Sanctions section.
Technical / System Requirements
Excel format 2007 or later required. Use specified naming convention.
Validation or Approval Process
Ensure validation tests are TRUE (Green Colour) before submission.
Practical Implementation: What Firms Should Do
In practice, ensure all sections of Form QST-MC are accurately completed before submission. Common mistakes include incorrect file naming and failed validation tests. CySEC expects timely and error-free submissions to avoid penalties.
Key Dates and Deadlines
| Date | What happens |
|---|---|
| July 31, 2026 | Deadline to submit Form QST-MC |
Step-by-Step Submission Process
- Download and complete Form QST-MC Version 26.
- Ensure all validation tests result in TRUE (Green Colour).
- Name the file according to the convention: Username_yyyymmdd_QST-MC.
- Submit the file via CySEC’s TRS.
- Confirm receipt of a NO ERROR feedback file.
Compliance Officer Checklist
- Ensure Form QST-MC is latest version.
- Validate all data in Euro.
- Follow file naming conventions.
- Address any form errors before re-submitting.
Evidence to Retain
- Official TRS submission confirmation (NO ERROR)
- Completed Form QST-MC
- Feedback file from TRS
Why This Matters
Accurate and timely submission of Form QST-MC is critical to regulatory compliance. Non-compliance may incur administrative penalties under section 37(5) of the CySEC Law. The submissions aid CySEC in monitoring and enforcing financial market regulations.
Frequently Asked Questions
What is the deadline for submitting Form QST-MC?
The deadline for submitting Form QST-MC is July 31, 2026.
What happens if there are errors in my Form QST-MC submission?
If errors are found, you must correct them and re-submit the form. A submission is only successful when you receive a NO ERROR notification.
In what format should data be reported in Form QST-MC?
Data must be reported in Euro and rounded to the nearest unit.
Who needs to submit Form QST-MC?
The form must be submitted by AIFMs, Internally Managed Funds, UCITS Management Companies, and others listed in the circular.
How do I handle technical issues with form submission?
For technical issues, consult CySEC’s website or contact their information technology email provided in the circular.
How CX Financia Can Support You
CX Financia offers services in Regulatory Compliance, Risk Management, and AML/CFT to help firms meet reporting requirements like Form QST-MC. Contact us to ensure your submissions are timely and compliant.
Disclaimer
General information, not regulatory advice. Please consult professional advisement for specific guidance.