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LEGAL UPDATES
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28.07.2014
New legislation regarding alternative investment funds in Cyprus
Corporate and Commercial Law

On 25 July 2014, the Alternative Investments Funds Law of 2014 (the “Law”) was published in the Republic’s Official Gazette. This new and modernised legislative framework, which governs the establishment and functioning of alternative investment funds (“AIFs”) in Cyprus, is supervised by the Cyprus Securities and Exchange Commission.

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09.05.2014
The Securities and Exchange Commission (Amendment) Law of 2014
Corporate and Commercial Law, European Union Law

The Cyprus Securities and Exchange Commission Law [73(I)/2009, 5(I)/2012] was amended in order to clarify that the Securities and Exchange Commission (“The Commission”) shall be designated as the competent supervisory authority for the following issues that derive from EU legal acts:

• short selling and certain aspects of credit default swaps;
• over-the-counter (OTC) derivatives, central counterparties and trade repositories
• credit rating agencies;
• European venture capital funds;
• European social entrepreneurship funds.

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09.09.2013
New legislation pertaining to the preconditions for the second instalment of the Cyprus bailout loan
Banking and Secured Financing, Corporate and Commercial Law, Real Estate Law, Trusts, Wills and Succession
On 5 September, the Cyprus Parliament approved a number of laws that were a precondition for the second installment (EUR 1.5 billion) of the bailout loan. read more
01.07.2013
Extension of deadline for payment of annual fee for Companies registered under the Cyprus Registrar of Companies: new deadline 31 July 2013
Corporate and Commercial Law
05.02.2013
Important update on payment of Annual Licence Fee (payable by all Cyprus-incorporated companies)
Corporate and Commercial Law
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