CySEC QST Form for AIFM, ASP and CIF in Q3 2023 – October 2023
The Cyprus Securities and Exchange Commission (CySEC) issued Circulars C597, C598 & C599 to inform Alternative Fund Managers (AIFM), Administrative Service Providers (ASP), and Cyprus Investment Firms (CIF), respectively on the submission of the QST Form for the 3rd quarter of 2023.
All AIFM, ASP and CIF regulated entities are required to complete and submit the new versions of the QST Forms, via the CySEC Transaction Reporting System (TRS) of the below corresponding revised deadline:
| Regulated entity | Deadline | Form version | Naming convention |
|---|---|---|---|
| AIFM | 31st of October | QST-MC Version 20 | Username_yyyymmdd_QST-MC |
| ASP | 31st of October | QST-ASP Version 7 | Username_yyyymmdd_QST-ASP |
| CIF | 6th of November | QST-CIF Version 11 | Username_yyyymmdd_QST-CIF |
It is important to note that the definition of a client varies throughout the QST-CIF Form. CIF regulated entities should 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.
QST forms are required to 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 authorised by the 30th of September 2023, irrespective of whether they have made use or not of their authorisation.
For more regulatory reporting obligations CIF and AIFM must meet in 2023, 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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