AIFM reporting obligation – CRE-IF Form to CySEC
On February 26th 2025, the Cyprus Securities and Exchange Commission (CySEC) issued Circular C684 to inform Investment Fund Managers like Alternative Investment Fund Managers (AIFM) about Recommendation 2022/9. The recommendation was published by the European Systemic Risk Board (ESRB) on the vulnerabilities in the commercial real estate sector in the European Economic Area (EEA) in December 2022.
The Recommendation aims to enhance the EEA financial sector’s resilience by overseeing, recognising and mitigating the vulnerabilities related to Commercial Real Estate (CRE) in institutions. Consequently, CySEC is tasked with:
- Improving the monitoring of systemic risks stemming from the CRE market.
- Ensuring sound CRE financing practices.
- Increasing resilience of financial institutions.
Due to the above, CySEC informs that the Macroprudential Authority will perform a second pilot exercise. All investment fund managers are required to complete and submit the Form CRE – IF, via the CySEC Transaction Reporting System (TRS) by the below deadline:
| Regulated entity | Deadline | Form version |
|---|---|---|
| AIFM | 18th of March | Form CRE-IF |
It is highlighted that all investment fund managers are obliged to submit a separate Form CRE-IF for every sub-fund/fund under their management, authorised/registered by CySEC until the 30th of June 2024.
It is worth noting that, a sub-fund/fund that had not raised capital as at the reference date, is not obliged to submit the Form.
For more regulatory obligations AIFM entities must meet in 2025, please visit the SALVUS Regulatory Reporting Obligations Calendar™.
Please contact us at compliance@salvusfunds.com if you require additional information or support with the submission of the CRE – IF Form; our Regulatory Compliance team is ready to support you.
#StayAhead