With respect to the Monthly Reporting Obligations of Cyprus Investment Firms (“CIF”s) as per the relevant provisions of the Law 87(I)/2017, as amended, as well as the Directives and Circulars issued thereof, we would like to remind you of the obligations for September 2020:
A. Monthly Obligations
Monthly Prevention Statements: Kindly inform us the total amount of "Cash" deposits over 10K for August 2020, so we can prepare the Monthly Prevention Statement for CySEC.
Deadline: 14th of September 2020
Way of submission: via the Portal
Complaints Form - T144-002-01
Deadline: 5th of September 2020
Way of submission: via the TRS
B. Quarterly and Annual Obligations (only for Market Makers)
EQSS RTS 27: Uploaded on website in a MR format + summary of conclusions per instrument.
Deadline: 30th of September 2020
Way of submission: website
Reporting Period: 01/04/20XX -30/06/20XX
Circular 351 - Directive DI20-01: Recovery plans to be prepared by CIFs
Deadline: 30th of September 2020
Way of submission: via email to crdsubmission@cysec.gov.cy
C. Annual Obligations
ICF Ordinary Annual Contribution
Payment of the Ordinary Annual Contribution to the Investors Compensation Fund (ICF) ONLY IF ICF SENT AN INVOICE. 80% Discount to the amount if CIFs pay before the 10th of September 2020.
Obligatory Administrative Fees to ICF (Euros 700)
Deadline: 10th of September 2020
Way of payment: see Bank Account details
Circular C401 - Actions to be taken with regards to CIF Record
Confirmation regarding the content of the CIF Record to be sent to the Commission.
Deadline: 30th of September 2020
Way of submission: email to supervision@cysec.gov.cy
Tax Department: Submission of CRS and FATCA Form
Deadline: 30th of September 2020
Way of submission: Ariadni Portal
Registrar of Companies: Annual Levy (Euros 350)
If you have questions do not hesitate to contact us.
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Written by Angeliki Georgiou, Independent Legal Consultant