Summary of CySEC's Circular C440

Memo #14-2021
CySEC Circular No: C440

Date: 05/04/2021
Subject: CIFs Quarterly Statistics (Form QST-CIF) – Revised Form (for Q1 2021 submission and onwards)
Purpose: To inform CIFs about a new version of the Form for the Quarterly Statistics.

In Summary:

CySEC has issued the Circular C440 on 02/04/2021 to inform the Cyprus Investment Firms (‘CIFs’) that a new version of the Form QST-CIF (‘the Form’) Version 6 is issued.

The Form must be completed and submitted to CySEC by all CIFs that were authorised by March 31, 2021. In this respect, CIFs that were authorised by March 31, 2021, but have not made use of their authorisation must also submit the Form.

The Form must be successfully submitted electronically via the CySEC’s Transaction Reporting System (‘TRS’) by 15:00 hrs, Friday, April 30, 2021, at the latest.

The Form can be found as Appendix on this Circular C440.

Upon submission, CIFs are responsible to ensure that they have received a feedback file, i.e. an official submission confirmation dispatched by the TRS in the Outgoing directory. The Form is regarded as being successfully submitted to CySEC only when a NO ERROR indication feedback file is received.

CySEC also reminds the CIFs that the Form must be completed and submitted to CySEC, on a quarterly basis, as follows:

• For Quarter 1, the Reference Date is 31 March 20XX and must be submitted by 30 April 20XX.
• For Quarter 2, the Reference Date is 30 June 20XX and must be submitted by 31 July 20XX.
• For Quarter 3, the Reference Date is 30 September 20XX and must be submitted by 31 October 20XX.
• For Quarter 4, the Reference Date is 31 December 20XX and must be submitted by 31 January 20XX+1.

This Circular C440 also refers about the method of creating, signing and submitting the Form to the CySEC, how to complete the fields of the Form and general comments for the Form.

Read the CySEC Circular C440

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