Booking options
€230 - €430
Course Images
Fund Set Up in Cyprus: A Practical Guide
Dates
View Dates Hide Dates
- Delivered Online• to
- Delivered Online• to
- Delivered Online• to
- Delivered Online• to
Highlights
Delivered Online
10 days
All levels
The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Course Overview
This Seminar aims to provide participants the knowledge and understanding to be able to set up a fund in Cyprus from A to Z.
The Cyprus Fund Industry and the basic legal characteristics of AIF funds are examined so that participants can comprehensively understand every step of the process.
All set up stages are thoroughly analysed, including the application for authorization and the drafting of legal documents.
Training Objectives
To gain a general understanding of funds and their legal form and possible structures
To be able to correctly assess client needs by suggesting the most suitable fund structure
To understand the process of preparing and submitting an Application including the drafting of documents
To get an insight of the post- authorisation, activation process
Training Outline
An Introduction to Cyprus Funds
An overview of the Funds Market today: A glance at Statistics
Description of the various Legal Forms and basic Characteristics
Analysis of the various types of AIF funds, different structures, and other classifications
Externally Managed Funds vs Self-managed Funds
The ‘Mini Manager’
The ‘Registered AIF’ (RAIF)
The main actors in the fund industry and a brief overview of their respective roles
Setting Up the Fund
The below will be examined:
Correctly assessing client needs and providing appropriate advice
Creating the most suitable fund structure & assigning roles
Set up the correct mechanics for the fund to be functional
Pre-defining investment decision process/ strategy/objectives/risks/liquidity mechanisms etc.
Investment Committees & their role
Appointing the Fund Manager, Investment Advisor, Administrator, Custodian
Promotion of the Application
The ‘Applicant’ and the ‘Application Promoter’
Description of Application Process: Map
Clearly defining roles and responsibilities in the Application Process
Setting of the correct timeframe: Time optimization, the fast track procedure, measures to be proactive and save time in the process
Letters of engagement, Applying for name, gathering documentation
Efficient Liaising with the Regulator and the other involved parties
Analysis of the Information to be filed with CYSEC together with the Application
Drafting of Documents & Filing the Application
Drafting the Legal documents. Going through the Instruments of Incorporation, Partnership Agreement, Prospectus and Common Fund Rules.
Analysing various significant clauses, their wording and their effect, identifying problems in their application etc.
The Application Form. How to complete.
Confirmations/Letters of Commitment by Fund Manager, Depositary etc.
The personal questionnaires for directors and shareholders
KYC and other supporting documents. What is accepted by the Regulator
Financial Information: Financial statements /Pro-forma Budget
Other documentation which may be required by CYSEC
The proper Certification of documents
Filing the Application and the supporting Documents
Post Authorization: Activating the Fund
Communication of Authorization by CYSEC
Description of the post- authorization Activation Process
Corporate Documents and the Companies Registrar
Service Level Agreements and filing with CYSEC
Opening of Bank Accounts and operational meetings
Minimum Initial Capital Deposit
Activation, Operations, Marketing and Distribution
Who Should Attend
The course is applicable to professionals employed within the Funds sector or those wishing to join the industry and who are particularly interested in the fund set-up process. These may include professionals from the fund sector such as fund managers and fund administrators or third-party professionals involved or seeking to get involved in setting up funds such as lawyers, accountants and corporate service providers.
Training Style
The presentation slides will be illustrated and explained to participants in detail. Questions by participants will be answered throughout. Real time examples and document samples will be provided where available. In certain occasions, participants will be more interactively involved through an exchange of views and personal professional experiences.
CPD Recognition
This programme may be approved for up to 10 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
In-house Training
For groups within the same organisation, this course may be customidsed to meet any specific needs and delivered in-house.
Facilitators
Athos Myrianthous
Athos is the Chief Compliance Officer (CCO) of ECM Fund Management Ltd, an Alternative Investment Fund Manager focusing on private equity, industry-agnostic strategies and part of the ECM Partners Group, which has a track record of nearly 1 billion invested capital in its various deals. Athos is a senior compliance and licencing professional with over 14 years of experience in alternative investment funds, investment fund managers and other regulated entities. Prior to his current role, he held senior compliance leadership and Board positions in several regulated entities in Cyprus. Earlier in his career, he served for almost a decade as Manager, Fund Services at BDO Ltd, part of the BDO International network. He is a member of the Cyprus Bar Association and a long-time member of the Cyprus Investment Fund Association where he sits on the Regulatory and Legal Technical Committee. He holds an MSc in Trade and Finance from Cass Business School, City University, an LLM in International Commercial Law from the University of Westminster and an LL B from Queen Mary’s University, London.