Read the CySEC Circular C746
Memo #69-2025
CySEC Circular No: C746
Date: 23/12/2025
Subject: Suspension of redemption of UCITS and AIF units on 24 December 2025
Purpose: To inform Regulated Entities that the redemption of UCITS and AIF units is suspended on 24/12/2025.
In Summary:
CySEC has issued the Circular C746 on 22/12/2025 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’), Companies with sole purpose the management of AIFLNPs, Small AIFMs and the CIFs, that the redemption of UCITS and AIF units is suspended on 24/12/2025.
The CySEC notes that the suspension refers to UCITS and AIFs that hold assets in transferable securities listed on regulated markets and whose net asset value is calculated on a daily basis.
The CySEC further informs that it reached this decision after taking into consideration the following:
1) The provision of article 20(1) of the Open-Ended Undertakings for Collective Investment (UCI) Law (the “UCI Law”).
2) The provision of article 43(3) of the Alternative Investment Funds Law. (the “AIF Law”)
3) The fact that 24/12/2025 is a public holiday (Christmas Eve) in most international stock markets.
4) The need to safeguard the interests of unit-holders of UCITS and AIFs and the proper functioning of the market.
The CySEC further notes that the obligations under article 20(2) of the UCI Law and article 43 of the AIF Law continue to apply.
Read the CySEC Circular C746
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