Summary of CySEC's Circular C514

Memo #26-2022

CySEC Circular No: C514
Date: 20/05/2022
Subject: New Form CA-CIF (‘Country Analysis’ Form), for the provision of Investment Services and Activities per country
Purpose: To inform all CIFs that a new Form CA-CIF is issued for the collection of data on the CIFs’ provision of Investment Services and Activities per country.

In Summary:

CySEC has issued the Circular C514 on 20/05/2022 to inform all Cyprus Investment Firms (‘CIFs’) that a new Form, Form CA-CIF (the ‘Form’), Version 1, is issued for the collection of data on the CIFs’ provision of Investment Services and Activities per country.

CySEC will use this information for the purposes of conducting statistical analyses, risk management and other purposes.

This Form will be issued on a quarterly basis.

CySEC notes that for the submissions of the Form for Q4 2021 and for Q1 2022, the deadline is by 15:00 hrs, Friday, July 8, 2022, the latest. For upcoming submissions of the Form, only one submission of the Form for the current quarter, will be required.

The Form for Q4 2021 must be completed and submitted to CySEC by all CIFs that were authorised by December 31, 2021. The submission of the Form for Q1 2022 must be completed and submitted to CySEC by all CIFs that were authorised by March 31, 2022. In this respect, CIFs that were authorised by December 31, 2021, and by March 31, 2022, respectively, but have not made use of their authorisation must also submit the Form.

The Form must be successfully submitted electronically via the CySEC’s Transaction Reporting System (‘TRS’). The Form is regarded as being successfully submitted to CySEC, only when a NO ERROR indication feedback file is received.
 
The deadline for the submission of the Form for Q4 2021 and for Q1 2022, will be 7 weeks after the issuance of the present Circular. In general, the deadline for upcoming submissionsof the Form to TRS, will be 6 weeks after the quarter end.

The below table indicates the submission deadlines of Q4 2021 and for all quarters of 2022:

Quarter

Reporting Period

Submission Deadline

Q4 2021

01/10/2021-31/12/2021

08/07/2022

Q1 2022

01/01/2022-31/03/2022

08/07/2022

Q2 2022

01/04/2022-30/06/2022

11/08/2022

Q3 2022

01/07/2022-30/09/2022

11/11/2022

Q4 2022

01/10/2022-31/12/2022

13/02/2023



This Circular refers also to the steps that CIFs will have to follow for the successful submission of the Form to the TRS, explanation for the sections of the Form and general comments for the Form.

The Form can be found in the following link: https://www.cysec.gov.cy/legislation/services-markets/epey/notifications-forms/92529/ 

Read the CySEC Circular C514

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