New Alternative Investment Funds Legislation

New Alternative Investment Funds Legislation to Boost Cypriot Funds Industry

On 10th July 2018, the Parliament of the Republic of Cyprus passed significant amendments to the Law 131(I)/2014 on Alternative Investment Funds (AIFs). The amendments are emphasizing the introduction of the Registered Alternative Funds (RAIFs). The main characteristics of RAIFs are: Must be registered with the Cyprus Securities and Exchange Commission (CySec) but they will…