ΠΕΡΙΓΡΑΦΗ

The seminar studies the fund industry in Cyprus, with a particular focus on the function of fund administration. The seminar provides an overview of how the fund industry operates, providing key points on the organizational structure of funds and their different characteristics (Section 1). 

Thereafter, the seminar studies the profession of Alternative Investment Fund Managers (AIFMs) (Section 2), before it proceeds to analyze the key roles and duties of fund administration (Section 3). Section 4 then draws on the latest industry experience and practice, to explain the rationale underlying the proposal for a separate Investment Fund Administration Law (IFA Law) and the key provisions thereof.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

Upon completion of this seminar, participants will:

• Have a general understanding of how a Cyprus fund operates;
• Be aware of the different service providers involved in the operation of a fund and their individual roles;
• Know of the characteristics and importance of the function of fund administration, as that has evolved based on commercial needs and outside any regulatory intervention;
• Have understood the most important points of the proposed IFA Law and appreciate the impact that this may have on the different service providers, fund administrators and funds in particular;

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

Lawyers, Fund Managers, Fund Administrators, Providers of Depositary Services, Individuals with executive and non-executive position in funds and UCITs, compliance officers, anti-money laundering officials, investors, policy officials, licensing service providers, auditors and accountants, university students and generally anyone with an interest in or who is involved in the Cyprus fund industry.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Seminar Outline

Alternative Investment Funds Law

• Categories of AIFs
• Types and characteristics of AIFs
• Types of Investors
• AIF Organizational Structure
• AIF Service Providers

Fund Managers

• Fund Management
• Categories of AIFMs
• Capital Requirements
• Role of AIFMs

Fund Administration (key roles and duties)

• Definition
• Evaluation of the importance of Fund Administration
• Overview of Fund Administration functions

Proposed Fund Administration Law

• Problems with the current regime on Fund Administration
• The delegation of Fund Administration
• The Draft Investment Fund Administrators Law and CySEC’s Consultation Paper on Regulating the Provision of Investment Fund Administration Services
• Authorization of Fund Administrators
• Sub-delegation of Fund Administration
• Questions and Thoughts

Certification

All participants will be awarded a certificate. Each hour of attendance will account for one unit of Continuing Professional Development (CPD) as required for members of most professional bodies.