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Cypriot Investment Firms (CIFs)

The Investment Firms Act of 2002 (the "Act") provides the legal framework for the provision of investment services as well as for the registration, regulation of operations and supervision of CIFs.  The Act governs the provision of investment and non-core services in Cyprus, as well as the provision of investment and non-core services from within Cyprus.

Our Investment services include:

  • Reception and transmission, on behalf of investors, of orders in relation to one or more financial instruments as these are defined in the ActConsulting on the form of a financial group's presence in Cyprus and the rest of the EU (IF, CIF, Investment Branch or other, depending on the Client's needs
  • Advisory support towards authorisation and registration of an EU Investment Firm
  • Preparation of the application of registration of aiesec
  • Money laundering compliance
  • Supervision issues
  • Advice on capital adequacy directive
  • Q&A MiFID Compliance e-Support (Urgent Service or 48-hour Service)
  • Preparation and documentation of internal procedures and processes in accordance with client needs and in accordance with the relevant EU regulatory bodies' requirements
  • Preparation of internal audit reports for management and company's Internal Audit Committee
  • Systems’ Audit - verification of systems, platforms and computer applications of the Investment Firm. Assessment of their suitability, efficiency, and the level of controls to ensure valid, reliable, timely, and secure input, processing, and output during their operation, in accordance with the requirements of the local regulators
  • Increasing spectrum of investment services (extending a license)
  • Obtaining cross-border licenses
  • Structuring/restructuring units and departements
  • Evaluation and analysis of systems and controls
  • Internal Operations Manuals updating and redrafting
  • Day-to-day operational issues and support
  • Policy Statements updating and drafting/redrafting
  • ICAAP
  • Trading Book Policy statements
  • Risk Management support and analysis

CIFs must be licensed by the Cyprus Securities & Exchange Commission, which is the relevant regulatory and supervisory authority (www.cysec.gov.cy)