CYP SEC Quarterly Statistics Report

On Mar. 29, CYP SEC informed of deadline to submit Form OST-CIF.

  • CYP SEC issued circular C625 on CIFs Quarterly Statistics (Form QST-CIF) submission.
  • Follows CYP SEC Dec. 2023 issued deadline for Dec. 2023 submission, see #196243.
  • Document dated Mar. 29, 2023, was added on Apr. 25, 2024 due to editorial backfill.
  • Main Points
  • CIFs authorised by Mar. 31, 2024 and those authorized later without having made use of their authorization must use the latest version of the Form QST-CIF, version 13.
  • Available online are the steps for the submission; CIFs are responsible to ensure that they have received a feedback file, i.e. an official submission confirmation by TRS.
  • The Form is regarded as being successfully submitted only when a NO ERROR indication feedback file is received; file is dispatched, during CYP SEC regular hours.
  • Effectiveness
  • Electronic submission of the forms via the CYP SEC TRS system by May 6, 2024.
  • Apr. 2024 Deadline Extended
  • On Apr. 22, 2024, CYP SEC issued cir C636 extending quarterly statistics' deadline.
  • CYP SEC will not send any reminders to those CIFs, which fail to promptly and duly comply; failure to promptly and duly comply may lead to administrative penalties.
  • Forms QST-CIF for Q1 2024 must be submitted via the TRS system until May 8, 2024.
  • Jun. 2024 Submissions
  • On Jun. 28, 2024, CYP SEC issued circular C650 on the latest version of form QST-CIF, version 14, to be completed and submitted to CYP SEC for Jun. 30, 2024 sunmissions.
  • Form considered successfully submitted to CySEC when feedback file shows no errors.
  • Form QST-CIF must be successfully submitted electronically via the CYP SEC’s Transaction reporting system (TRS) by Aug. 5, 2024, at the latest.
  • Failure to promptly comply may bear the administrative penalties; CYP SEC will not send any reminders to those CIFs which fail to promptly and duly comply.
  • Any questions on completing the form should be submitted in writing by Jul. 29, 2024.

Regulators CYP SEC
Entity Types IA; Inv Co
Reference Cir C650, 6/28/2024; Cir C625, 3/29/2024; Cir C636, 4/22/2024
Functions Compliance; Financial; Reporting; Risk
Countries Cyprus
Products Fund Mgt; Securities
Regions EMEA
Rule Type Final
Rule Date 3/29/2024
Effective Date 8/5/2024
Rule Id 209514
Linked to Rule :196243
Reg. Last Update 6/28/2024
Report Section EU

Last substantive update on 07/03/2024