The Cyprus Investment Firm (‘CIF’) licensing process

The Cyprus Investment Firm (‘CIF’) licensing process

In our previous article, we have talked  about  the main provisions of a CIF. One of the most common inquiries we receive relates to the procedure in order to set-up a CIF, through the Cyprus Security and Exchange Commission (the ‘CySEC’) and  the fees payable, accompanied by the CIF application of a new license and…

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Cyprus Investment Firms (CIFs) – All you need to know

Cyprus Investment Firms (CIFs) – All you need to know

The financial sector in Cyprus is continuously growing. Our company has been successfully obtaining licences for our clients for the authorisation of Investment Firms (CIFs), Investment Funds (AIFS and AIF Managers) and Electronic Money Institutions (EMIs). We fully support them in setting up their business, maintaining it operational and addressing their post-licensing challenges and requirements. We undertake, advise and…

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Analysis of Class 2 Firms – IFD/IFR

Analysis of Class 2 Firms – IFD/IFR

IFD/IFR – Analysis of Class 2 Firms and their Capital Requirement Calculations Introduction In our previous article (can be found here) we analyzed the categorization of investment firms in accordance with the new Prudential Regulation and Directive (IFR/IFD). Class 2 investment firms will be subject to new risk-based regulatory capital requirements, assessed as the higher…

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A guide of the new prudential framework IFD/IFR

A guide of the new prudential framework IFD/IFR

Guide on the implementation of the new prudential framework of Investment Firms (IFD/IFR), publication and testing submission of the new reporting forms under IFD/IFR Background The EU has adopted a new harmonised prudential regime that has been applied to all investment firms authorised in the EU since June 2021. The new Investment Firm Regulation and…

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