Summary of CySEC's Circular C547
Memo #04-2023
CySEC Circular No: C547
Date: 30/01/2023
Subject: Introduction of prudential reporting of CIFs through CySEC’s XBRL Portal – Extension of deadline
Purpose: To inform CIFs for extension of the deadline for the submission of the prudential reporting through CySEC’s XBRL Portal.
In Summary:
CySEC has issued the Circular C547 on 30/01/2023 to inform the Cyprus Investment Firms (‘CIFs’) that the deadline to submit through CySEC’s XBRL Portal of the prudential reports for the dates 31/03/2022, 30/06/2022 and 30/09/2022 is extended.
The new deadline, for all Class 2 CIFs, to submit their prudential reports through CySEC’s XBRL Portal for the dates 31/03/2022, 30/06/2022 and 30/09/2022 is by Friday, 10/02/2023.
The Circular C547 is related to Circular C546.
CySEC notes that CIFs should ensure that the forms have been submitted without errors.
CySEC further notes that, after the submission of the reports to CySEC, the XBRL Processor will perform certain validations according to the rules in the Manual for Investment Firms Submissions. Where CIFs face issues understanding validations errors during the submission of their reports, they could contact CySEC at prudential@cysec.gov.cy for assistance.
The Manual for Investment Firms Submissions can be found on the following link: https://www.cysec.gov.cy/Files/Supervision/93915.aspx/
Read the CySEC Circular C547
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