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Our News and Updates

CySEC issued Circular C334 (“the Circular”) dated 07.08.19

CySEC issued Circular C334 (“the Circular”) dated 07.08.19 requiring from all CIFs to keep in a separate EU Bank account an additional cash buffer in case there is a need for an extraordinary contribution to the Investors Compensation Fund (“ICF”).In particular:The minimum additional cash buffer amount is set at 0.3% of the eligible funds and financial instruments of a CIF’s clients as a...
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Appointment of Depositary for AIFs

17 July 2019Appointment of Depositary for AIFsRelevant to:Alternative Investment Funds (“AIFs”) Alternative Investment Funds with Limited Number of Persons (“AIFLNP”); Registered Alternative Investment Funds (“RAIFs”).The Cyprus Investment Funds Association (“CIFA”) has prepared a Summary outlining the requirements for the appointment of a Depositary to the different types...
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Recent Developments boosting Cyprus’ Economic Outlook

The Government of Cyprus issued its first ever 15 year bond at 2.75%. The EUR 1bn Bond was oversubscribed more than 8 times!The Republic of Cyprus, successfully launched a first ever 15-year bond, due 26 February 2034, the longest in its history. The EUR1bn bond carries a coupon of 2.75%. Citi, Goldman Sachs and HSBC were joint book runners. The success of this transaction highlights the s...
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Cyprus domiciled funds are now available in Vestima

07.01.2019 Clearstream headlines “Clearstream has further expanded its Vestima offering by making Cyprus domiciled investment funds eligible for order routing, settlement and custody. International customers can use their Vestima setup to directly access Cyprus domiciled funds and benefit from the same streamlined handling as for other markets. With assets under management (AUM) having more than d...
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Cyprus is now on the fund industry map. Clearstream shall include Cyprus in the fund market coverage list in December 2018.

Cyprus is now on the fund industry map. Clearstream shall include Cyprus in the fund market coverage list in December 2018.Click here for a Guide prepared by the Cyprus Investment Funds Association.MNK Risk Consulting is actively promoting applications for Cyprus AIF and AIFMs. Contact us for more information.
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