The Cyprus Securities and Exchange Commission (CySEC) issued Circulars C649 and C650 to inform Administrative Service Providers (ASP) and Cyprus Investment Firms (CIF), respectively, on the submission of the QST Form regarding the second quarter of 2024.

All ASP and CIF regulated entities are required to complete and submit the newest versions of the QST Forms, via the CySEC Transaction Reporting System (TRS) on the below corresponding revised deadlines:

Regulated entity	Deadline	Form version	Naming convention
ASP	29th of July	QST-ASP Version 8	Username_yyyymmdd_QST-ASP
CIF	5th of August	QST-CIF Version 14	Username_yyyymmdd_QST-CIF

It is important to note that the definition of a client varies throughout the QST-CIF Form. CIF regulated entities shall pay close attention to the instructions provided at the beginning of the form and in its various sections.

For each quarter, the cumulative reporting period begins at the start of the calendar year and ends at the final date of the reporting period.

Regarding the naming convention, the Username denotes the TRS credentials of the regulated entity and yyyymmdd the end date of the reporting period of the form.

The QST form must be completed in the English language and report data in Euro rounded to the nearest unit. Regulated entities shall report the investment and ancillary services provided during the reporting period and not all the services prescribed in their license.

It is highlighted that the form must be submitted by all entities authorized by the 30^th of June 2024, irrespective of whether they have made use or not of their authorization.

For more regulatory reporting obligations CIF entities must meet in 2024, please visit the SALVUS Regulatory Reporting Obligations Calendar™.

Contact us via email at compliance@salvusfunds.com if you require additional information or support with the submission of the QST Form; our Regulatory Compliance team is ready.

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