CySEC RBS-F Form and Deadline for the year 2021

The Cyprus Securities and Exchange Commission (CySEC) through its Circulars C506, C503 & C500, mandates for all Cyprus Investment Firms (CIF), Alternative Investment Fund Managers (AIFM), and UCITS Management Companies (UCITS MS) to submit the forms RBSF-CIF and RBSF-MC respectively. In addition, CySEC has informed that all CIF must submit version 6 of Form RBSF-CIF whereas AIFM and UCITS MS are required to submit version 5 of Form RBSF-MC.

Regulated entities that were authorised by December 31^st, 2021, are required to submit electronically via CySEC’s Transaction Reporting System (TRS) by:

• 15:00 on Friday, 13^th of May 2022 for AIFM and UCITS MS, and
• 15:00 on Friday, 3^rd of June 2022 for CIF

Both forms have been revised to request additional or entirely new information.

Any CIF or AIFM that will not comply, will have to bear administrative penalties as per section 37(5) of the CySEC Law.

It is worth noting that the new forms collect additional information relating to CIF and AIFM.

Additional information for CIF:

• Services, including
  • Whether the CIF has been marketing “zero commission trading”
  • The volume of client transactions and commission received for each Liquidity Provider.
• Internal policies and procedures, including
  • Product Governance
  • Costs and Charges
  • Information Communication Technology
  • Cyber Risks.
• Clientele information, including
  • Type of clients (retail, professional on request or per se, eligible counterparty)
  • Age group
  • Number of first-time investors
  • Whether the client falls under the negative or grey target market.

Additional information for AIFM:

• Internal policies and procedures, including
  • Information Communication Technology
  • Cyber Risks.
• New section for Undertaking of Collective Investments (UCI), including
  • NAV for the period
  • Portfolio Liquidity profile
  • Total value of subscriptions and redemptions
  • Total ongoing costs

Information regarding significant functions, the depositary, and the Board of Directors.

Please do not hesitate to contact us at info@salvusfunds.com or call us at +357 7000 7898, if you are interested in more information or support regarding this reporting obligation; our Regulatory Compliance team is ready to help you.