CySEC Circular C597 – Management Companies and Self-Managed Funds Quarterly Statistics – Submission for Q3 2023 (30/09/2023)

02/10/2023

Relevant to: Regulated Entities[1]

[1]Alternative Investment Fund Managers (‘AIFMs’), Internally managed AIFs, UCITS Management Companies, Internally Managed UCITS, Internally Managed Alternative Investment Funds with Limited Number of Persons (‘AIFLNP’) Companies with sole purpose the management of AIFLNPs and Small AIFMs.

Circular C597 (“the Circular”) dated 28/09/2023 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (‘the CySEC Law’).

Through Circular C597, CySEC wishes to inform Regulated Entities for the obligation to submit the Quarterly Statistics Form.

The key takeaways from CySEC’s C597 circular can be found below:

  • A new version of the form, QST-MC Version 20 (‘the Form’), found in the Appendix, is issued. The Form must be completed and submitted to CySEC by all Regulated Entities that were authorised or appointed to act as External Managers (in case no authorisation is required by the relevant legislation), by September 30, 2023. In this respect, Regulated Entities that were authorised or appointed to act as External Managers by September 30, 2023, but have not made use of their authorisation must also submit the Form.
  • The deadline to submit the Form is by Tuesday, 31/10/2023, the latest. The Form must be successfully submitted electronically, via the CySEC’s Transaction Reporting System (‘TRS’). The Form is regarded as being successfully submitted to CySEC, only when a NO ERROR indication feedback file is received.
  • The steps that Regulated Entities will have to follow, for the successful submission of the Form to the TRS, can be found here.
  • Circular C597 also refers to the method of creating, signing and submitting the Form to CySEC and other useful information for completing and submitting the Form.

Should you need more information or assistance with completing the Form, you can email us at  info@mnkcapitalmanagement.com or call us at 25-508400.


[1]Alternative Investment Fund Managers (‘AIFMs’), Internally managed AIFs, UCITS Management Companies, Internally Managed UCITS, Internally Managed Alternative Investment Funds with Limited Number of Persons (‘AIFLNP’) Companies with sole purpose the management of AIFLNPs and Small AIFMs.

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