Wednesday June 14 2017
News Source: Fund Regulation
Focus: Other
Type: General
Country: Cyprus
The Cyprus Securities and Exchange Commission (CySEC) has published information on the Risk Based Supervision Framework (RBS-F) regarding the electronic submission of information for the year 2016.
Information requested by CySEC
Following the implementation of the Risk Based Supervision Framework, CySEC requests from UCITS Management Companies, Alternative Investment Fund Managers and Self-Managed Alternative Investment Funds that were authorised and operated by December 31, 2016, to complete Form T56-78-131-002 regarding the electronic submission of information for the year 2016, which must be submitted electronically via the CySEC’s Transaction Reporting System between Friday, 12 June and Friday, 7 July, 2017.
Regulated Entities that fail to submit the requested information within the abovementioned deadline may face the possibility of enforcement action.
General Comments for the completion and submission of the Form
- The Form is only available in English.
- The Form must be completed only for the reporting period 01/01/2016 – 31/12/2016 and using 31/12/2016 as a reference date.
- The data to be reported must be based on audited financial statements.
- The basis for the preparation of the data to be reported is single
Method of creating, signing and submitting the Form to the Commission
The Form should be submitted electronically via the CySEC’s Transaction Reporting System (‘TRS’), after it is duly digitally signed. The Regulated Entities are kindly requested to note that other ways for submitting the Form will not be accepted by CySEC.
Key Dates
- June 12, 2017 – The Regulated Entities can start submitting their digitally signed Form to the CySEC’s TRS system.
- From June 12 until June 30, 2017 – The Regulated Entities can submit, by email, any queries that they have concerning the Circular.
- July 7, 2017 Deadline for successfully submitting the Form, through the TRS.
Click on the link above for further details.