Further to the issuance of Circular C451, the Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform CIFs that, a new version of the Form RBSF-CIF Version 4 (‘the Form’) needs to be completed for the annual collection of various statistical information. The Form must be successfully submitted electronically via the CySEC’s Transaction Reporting System (‘TRS’) by 15:00 hrs, Friday, June 18, 2021, at the latest.
The Form must be completed, and successfully submitted to CySEC, by all CIFs that were authorised by December 31, 2020. In this respect, CIFs that were authorised by December 31, 2020, but have not made use of their authorisation must also submit the Form.
In summary, Form RBSF-CIF Version 4 requires additional information, as per the following sections:
- Section F – Governance and Ownership (two additional questions have been added under points 7.1 and 7.2);
- Section K – Products, Services and Transactions (amendments in Questions 1.1, 1.2, 2.1 – 2.4 and 3.1 and Questions 2.5 and 2.6);
- Section L – Countries and Geographical Areas (amendments in Questions 1.1 – 1.4);
- Section M – Customer Analysis (this is an entirely new section);
- Section N – Internal Policies and Procedures (this is an entirely new section);
- Section O – Geographical Analysis (this is an entirely new section).
In addition, CIFs should have in mind the following, when completing and submitting the Form:
- The Form should be named in the following format ‘Username_yyyymmdd_RBSF-CIF’. The username to be used is the CIF’s TRS credentials. The yyyymmdd in this case, will be 20201231. Future forms will have different reporting periods.
- CIFs are required to report data in Euro, rounded to the nearest unit.
- Before submitting the Form, please ensure that all validation tests that are contained in the Form (Sections A, B, C, D, E, F, G, H, I, J, K, L, M, N, O) at the bottom of the page and Validation Tests Worksheet) are TRUE (Green Colour).
- Please use the latest version of the Form i.e. Version 4.
- Instructions on the completion of the Form can be found in the ‘Instructions’ Worksheet of the Form.
Our Team at FiveComply remains at your disposal for any assistance that you may require in relation to the above.