Summary of CySEC's Circular C392

Memo #36-2020

CySEC Circular No: C392
Date: 23/06/2020
Subject: Risk Based Supervision Framework – Electronic submission of information for the year 2019 (Form RBSF-MC)
Purpose: To inform that a new version of the Form RBSF-MC Version 3 is issued and should be submitted to CySEC by 24/07/2020.

In Summary:

CySEC has issued the Circular C392 on 23/06/2020 in order to inform the Alternative Investment Fund Managers (‘AIFMs’), UCITS Management Companies (‘UCITS MC’), Self-Managed UCITS (‘SM UCITS’), Self-Managed Alternative Investment Funds (‘SM AIFs’), Self-Managed Alternative Investment Funds with Limited Number of Persons (‘SM AIFLNP’) and the Companies with sole purpose the management of AIFLNPs, that a new version of the form RBSF-MC Version 3 (‘the Form’) is issued. The scope of this Form is the collection of various statistical information that CySEC will use for the purposes of conducting statistical analyses, risk management and other purposes.

The Form is issued on an annual basis.

The Form must be completed and successfully submitted to CySEC, by all the above mentioned Regulated Entities that were authorised or appointed to act as External Managers (in case no authorisation is required by the relevant legislation) by December 31, 2019.

It is noted that Regulated Entities that were authorised or appointed to act as External Managers by December 31, 2019, but have not made use of their authorisation or appointment, must also submit the Form. 

The deadline to submit the Form to CySEC is by 15:00 hrs, Friday, July 24, 2020, at the latest and must be submitted electronically via the CySEC’s Transaction Reporting System (‘TRS’).

CySEC notes that failure to promptly and duly comply with the obligation to successfully submit the Form within the deadline will bear administrative penalties.

This Circular also refers to a number of amendments in the Form, general instructions for the submission of the Form, as well as, it includes a link with the steps to follow for the successful submission of the Form to the TRS.

The Form can be found as Appendix on this Circular.

Read the CySEC Circular C392

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