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…