Read the CySEC Circular C703
Memo #29-2025
CySEC Circular No: C703
Date: 14/04/2025
Subject: Obligations of CyIFMs regarding their websites and marketing communications
Purpose: To remind CyIFMs regarding website compliance and to outline additional compliance measures to enhance transparency and investor protection.
In Summary:
CySEC has issued the Circular C703 on 11/04/2025 to remind Cyprus UCITS Management Companies and Self-Managed Cyprus UCITS (‘CyUCITS MCs’), Cyprus Alternative Investment Fund Managers and Self-Managed Cyprus AIFs (‘CyAIFMs’) and Sub Threshold Cyprus Alternative Investment Fund Managers and Self-Managed sub threshold Cyprus AIFs (‘sub threshold CyAIFMs’), for their obligations regarding website compliance.
CySEC informs that it has observed inconsistencies in website content, inadequate disclosures and deviations from the applicable regulatory framework.
With Circular C703 CySEC also outlines expectations and additional compliance measures to enhance transparency and investor protection.
The Cyprus Investment Fund Managers (‘CyIFMs’) are generally required to maintain a website, ensuring that its content aligns with marketing communications requirements.
Additionally, they must disclose certain documents and information, making them accessible to investors through their website.
The legislation governing CyIFMs establishes several regulatory requirements related to website compliance, which CyIFMs must adhere to.
Circular C703 outlines CyIFMs relevant regulatory obligations, key examples of regulatory requirements related to website compliance, the CySEC's expectations and required actions and additional compliance measures.
CySEC notes that CyIFMs must take immediate action to assess and update their website content and marketing communications and ensure full compliance, at all times, with the relevant regulatory obligations.
Read the CySEC Circular C703
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