The Cyprus Securities and Exchange Commission (‘CySEC’) has issued Circular C445 to inform CIFs that, due to the COVID-19 situation, the deadlines for submission of the following to CYSEC are extended:
| Reporting Obligations | Previous deadline | New deadline |
| 1. Annual Compliance Function Report for the year 2020 | 30 April 2021 | 30 June 2021 |
| 2. Annual Risk Management Report for the year 2020 | 30 April 2021 | 30 June 2021 |
| 3. Annual Internal Audit Report for the year 2020 | 30 April 2021 | 30 June 2021 |
| 4. Annual Audited Financial Statements for the year 2020 | 30 April 2021 | 30 June 2021 |
| 5. Annual Auditors’ Suitability Report for the year 2020 | 30 April 2021 | 30 June 2021 |
| 6. Pillar III Disclosures for the year ending 31 December 2020 | 30 April 2021 | 30 June 2021 |
| 7. COREP forms based on the audited financial statements of 2020 | 31 May 2021 | 30 June 2021 |
| 8. External Auditors’ verification report on Pillar III Disclosures | 31 May 2021 | 1 June 2021 – 31 August 2021 |
| 9. Disclosures made in Form 144-14-11 (Prudential Supervision Information) | 30 June 2021 | 31 July 2021 |
In regards to Pillar III Disclosures, CySEC stated that, in case their publication is delayed, the CIF needs to inform the market participants for that delay, the reasons of delay and, to the extent possible, their estimated publication date.
Our Team remains at your disposal for any assistance you may require in regards to the above.