Cyprus Securities and Exchange Commission (CySEC) is responsible for regulating and supervising the financial industry in Cyprus. If you are a company operating in the financial industry in Cyprus, it is important to be aware of the CySEC reporting obligations for 2023.
In 2023, CySEC reporting obligations will include the submission of annual financial statements, monthly reports on on the prevention of money laundering and terrorist financing, and quarterly reports on capital adequacy and client funds, Additionally, there will be ongoing reporting obligations related to regulatory compliance, risk management, and corporate governance.
It is important to note that failure to comply with CySEC reporting obligations can result in severe penalties, including fines and revocation of licenses. Therefore, it is crucial to ensure that your company is fully compliant with all CySEC reporting requirements.
To assist companies in meeting their reporting obligations, CySEC provides detailed guidance on its website, including reporting templates and deadlines. It is highly recommended to review this guidance and seek professional assistance if needed to ensure full compliance.
In summary, 2023 will bring a new set of CySEC reporting obligations for companies operating in the financial industry in Cyprus. Compliance with these obligations is crucial to avoid penalties and maintain the integrity of the financial industry in Cyprus. By staying informed and seeking professional assistance when necessary, companies can ensure they meet all their reporting obligations in a timely and accurate manner.
Find below the Reporting Obligations required by CySEC for the year 2023
| Obliged Entity | Regulatory Obligation | Submission process | Reference Period | Deadline |
|---|---|---|---|---|
| CIF, CASP | Complaints Form 144-002-01 | TRS | Dec previous year | 5th of January |
| CIF, CASP, AIFM | AML Monthly Prevention Statement Form 144-08-11 | CySEC portal | Dec previous year | 15th of January |
| CIF | Cross Border Activity Form CBRT | TRS | Previous year | 27th of January |
| CIF, CASP | Notification of Shareholders and Tied Agents | CySEC portal | Previous year | 31st of January |
| CIF, CASP, AIFM | Quarterly Statistics Form QST | TRS | Q4 previous year | 31st of January |
| AIFM | Annual Sub-threshoCIFld AIFM | TRS | Q4 previous year | 31st of January |
| CIF, CASP | Complaints Form 144-002-01 | TRS | Jan current year | 5th of February |
| CIF | Annual Prudential Supervision Form 165-02 for Class 3 | TRS | Q4 previous year | 11th of February |
| CIF, CASP | Quarterly Prudential Supervision Form 165-01 for Class 2 | TRS | Q4 previous year | 11th of February |
| CIF, CASP | Quarterly Balance Sheet, Income Statement, Trial Balance | CySEC portal | Q4 previous year | 11th of February |
| CIF | Quarterly Country Analysis Form CA | TRS | Q4 previous year | 13th of February |
| CIF, CASP, AIFM | AML Monthly Prevention Statement Form 144-08-11 | CySEC portal | Jan current year | 15th of February |
| CIF | Quarterly Survey QSEFI-QRVS | CBC portal | Q4 previous year | 20th of February, upon CBC request |
| CIF, CASP, AIFM | Renewal of certified persons in the CySEC public register | CySEC website | Current year | 28th of February |
| CIF, CASP | Complaints Form 144-002-01 | TRS | Feb current year | 5th of March |
| CIF, CASP, AIFM | AML Monthly Prevention Statement Form 144-08-11 | CySEC portal | Feb current year | 15th of March |
| CIF, CASP, AIFM | Annual Money Laundering Compliance Officer Report | CySEC portal | Previous year | 31st of March |
| CIF750 | Quarterly RTS 27 Execution Quality of Transactions | Own website | Q4 previous year | 31st of March |
| CIF, CASP | Complaints Form 144-002-01 | TRS | Mar current year | 5th of April |
| CIF, CASP, AIFM | AML Monthly Prevention Statement Form 144-08-11 | CySEC portal | Mar current year | 15th of April |
| CIF, CASP, AIFM | Annual Compliance Function Report | CySEC portal | Previous year | 30th of April, AIFM upon CySEC Request |
| CIF, CASP, AIFM | Annual Risk Management Report | CySEC portal | Previous year | 30th of April, AIFM upon CySEC Request |
| CIF, CASP, AIFM | Annual Internal Audit Report | CySEC portal | Previous year | 30th of April |
| CIF, CASP | Annual Audited Financial Statements | CySEC portal | Previous year | 30th of April |
| CIF | Annual Fees to CySEC Form 87-03-01 | CySEC portal | Previous year | 30th of April |
| CIF | Annual Auditor's Suitability Report | CySEC portal | Previous year | 30th of April |
| CIF, CASP, AIFM | Quarterly Statistics Form QST | TRS | Q1 current year | 30th of April |
| CIF750 | CIR Package - XBRL format | CBC portal | Previous year | 30th of April |
| CIF, CASP, AIFM | Annual Disclosure & Market Discipline Report | Own website | Previous year | 30th of April |
| CIF | Annual RTS 28 Execution Quality Summary Statement | Own website | Previous year | 30th of April |
| CIF, CASP | Complaints Form 144-002-01 | TRS | Apr current year | 5th of May |
| CIF, CASP, AIFM | Statement of Eligible Funds and Financial Instruments Form 87-07-07 and External Auditor Report Form 87-07-06 | ICF email | Previous year | 10th of May |
| CIF150, CIF750, CASP | Quarterly Prudential Supervision Form 165-01 for Class 2 | TRS | Q1 current year | 12th of May |
| CIF, CASP | Quarterly Balance Sheet, Income Statement, Trial Balance | CySEC portal | Q1 current year | 12th of May |
| CIF | Quarterly Country Analysis Form CA | TRS | Q1 current year | 12th of May |
| CIF, CASP, AIFM | AML Monthly Prevention Statement Form 144-08-11 | CySEC portal | Apr current year | 15th of May |
| CIF, CASP, AIFM | Audited Financial Statements to the Statistics Department and Central Bank of Cyprus | CBC email | Previous year | 17th of May |
| CIF, CASP, AIFM | Liquidity Buffer Confirmation form 87-07-05 | ICF | Previous year | 20th of May |
| CIF | Quarterly Survey QSEFI-QRVS | CBC portal | Q1 current year | 24th of May, upon CBC request |
| CIF | External Auditor's Verification Report on Pillar III Disclosures | CySEC portal | Previous year | 31st of May |
| CIF | Annual Audited Disclosure & Market Discipline Report | CySEC portal | Previous year | 31st of May |
| CIF | Annual Contribution fee to the National Resolution Fund | CBC email | Previous year | 31st of May |
| CIF, CASP | Audited Prudential Supervision Form 165-01 for Class 2 & Form 165-02 for Class 3 | TRS | Q4 previous year | 31st of May |
| CIF, CASP | Complaints Form 144-002-01 | TRS | May current year | 5th of June |
| CIF, CASP, AIFM | CIF will be notified for their ICF annual contribution fee | ICF email | Previous year | 10th June |
| CIF, CASP, AIFM | AML Monthly Prevention Statement Form 144-08-11 | CySEC portal | May current year | 15th of June |
| CIF, CASP, AIFM | Risk Based Supervision Framework (RBS-F) | TRS | Previous year | 18th of June |
| CIF, CASP, AIFM | Common Reporting Standards (CRS) Reporting | Ariadni TAX | Previous year | 30th of June |
| CIF, CASP, AIFM | Foreign Account Tax Compliance Act (FATCA) Reporting | Ariadni TAX | Previous year | 30th of June |
| CIF | Quarterly RTS 27 Execution Quality of Transactions | Own website | Q1 current year | 30th of June |
| CIF, CASP | Internal Capital Adequacy Risk Assessment (ICARA) | CySEC | Previous year | Upon CySEC Request |
| CIF, CASP | Prudential Supervision Information Form 165-03 | TRS | Previous year | 30th of June |
| AIFM | Annual Audit Report, Financial Statements & Remuneration | TRS | Previous year | 30th of June |
| CIF, CASP | Complaints Form 144-002-01 | TRS | Jun current year | 5th of July |
| CIF, CASP, AIFM | ICF Annual contribution fee (if a discount applies) | ICF email | Previous year | 10th of July |
| CIF, CASP, AIFM | AML Monthly Prevention Statement Form 144-08-11 | CySEC portal | Jun current year | 15th of July |
| CIF, CASP, AIFM | Quarterly Statistics Form QST | TRS | Q2 current year | 31st of July |
| CIF, CASP | Complaints Form 144-002-01 | TRS | Jul current year | 5th of August |
| CIF, CASP, AIFM | ICF Annual contribution fee (if no discount applies) | ICF email | Previous year | 10th of August |
| CIF, CIF, CASP | Quarterly Prudential Supervision Form 165-01 for Class 2 | TRS | Q2 current year | 11th of August |
| CIF | Quarterly Country Analysis Form CA | TRS | Q2 current year | 11th of August |
| CIF, CASP | Quarterly Balance Sheet, Income Statement, Trial Balance | CySEC portal | Q2 current year | 11th of August |
| CIF, CASP, AIFM | AML Monthly Prevention Statement Form 144-08-11 | CySEC portal | Jul current year | 15th of August |
| CIF | Quarterly Survey QSEFI-QRVS | CBC portal | Q2 current year | 21st of August, upon CBC request |
| AIFM | Half-Yearly Audit Report, Financial Statements & Remuneration | TRS | 6 months current year | 31st of August |
| CIF, CASP | Complaints Form 144-002-01 | TRS | Aug current year | 5th of September |
| CIF, CASP, AIMF | AML Monthly Prevention Statement Form 144-08-11 | CySEC portal | Aug current year | 15th of September |
| CIF | Quarterly RTS 27 Execution Quality of Transactions | Own website | Q2 current year | 30th of September |
| CIF, CASP | Complaints Form 144-002-01 | TRS | Sep current year | 5th of October |
| CIF, CASP, AIMF | AML Monthly Prevention Statement Form 144-08-11 | CySEC portal | Sep current year | 15th of October |
| CIF, CASP, AIFM | Quarterly Statistics Form QST | TRS | Q3 current year | 31st of October |
| CIF, CASP, | Complaints Form 144-002-01 | TRS | Oct current year | 5th of November |
| CIF, CASP | Quarterly Prudential Supervision Form 165-01 for Class 2 | TRS | Q3 current year | 11th of November |
| CIF, CIF, CASP | Quarterly Balance Sheet, Income Statement, Trial Balance | CySEC portal | Q3 current year | 11th of November |
| CIF | Quarterly Country Analysis Form CA | TRS | Q3 current year | 11th of November |
| CIF, CASP, AIFM | AML Monthly Prevention Statement Form 144-08-11 | CySEC portal | Oct current year | 15th of November |
| CIF | Quarterly Survey QSEFI-QRVS | CBC portal | Q3 current year | 17th of November |
| CIF, CASP | Complaints Form 144-002-01 | TRS | Nov current year | 5th of December |
| CIF, CASP, AIMF | AML Monthly Prevention Statement Form 144-08-11 | CySEC portal | Nov current year | 15th of December |
| CIF | Quarterly RTS 27 Execution Quality of Transactions | Own website | Q3 current year | 31th of December |
| AIMF | Annual Contribution for AIFM | CySEC portal | Current year | 31th of December |
