Read the CySEC Circular C628
Memo #16-2024
CySEC Circular No: C628
Date: 05/04/2024
Subject: Date of authorisation – Clarification regarding Circular 191 and repeal of Circular 274
Purpose: To inform the Regulated Entities that Circular C274 is repealed and to clarify regarding the date of authorisation.
In Summary:
CySEC has issued the Circular C628 on 04/04/2024 to inform the CIFs, ASPs, UCITS Management Companies, UCITS, AIFMs, AIFs, AIFLNPs, Companies with sole purpose the management of AIFLNPs, Small AIFMs and the Crowdfunding Service Providers (CSPs), that the Circular C274 is repealed.
Furthermore, CySEC clarifies that, the ‘date of authorisation’, referred to in paragraph 2 of Circular 191, is the date where an authorization was granted by CySEC, according to the letter which notifies the entity that the authorization is granted. Therefore, the obligations for submission of reports or/and other information as well as compliance with the relevant legislation start from that date.
The Circular C191 can be found on the following link:
Read the CySEC Circular C628
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