COLLECTIVE INVESTMENTS IN CYPRUS / INCREASE IN ASSETS UNDER MANAGEMENT
Assets Under Management (“AUM”) of Collective Investments presented an increase during the third quarter of 2019, as stated in the bulletin published by the Cyprus Securities and Exchange Commission (“CYSEC”). According to the report, the AUM have recorded an increase of 12% compared to the second quarter of 2019, reaching the amount of €7.7 billion. The full report and the records published by CYSEC can be found on their website https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=1167099b-6d51-4856-9b85-6b0d593071aa.
The further increase of the AUM as recorded by CYSEC reaffirms the view that the fund industry in Cyprus has expanded and has enhanced attractiveness for investors and for clients who wish to establish their business. The fully upgraded and modernised legislative and regulatory framework which is fully compliant with the European framework has established Cyprus as a significantly competitive jurisdiction for the funds industry.
For further information and assistance, do not hesitate to contact our dedicated Financial Services and Funds Department at FinancialServices@kinanis.com.
Partner – Financial Services & Funds Department
Associate Lawyer – Financial Services & Funds Department
This publication has been prepared as a general guide and for information purposes only. It is not a substitution for professional advice. One must not rely on it without receiving independent advice based on the particular facts of his/her own case. No responsibility can be accepted by the authors or the publishers for any loss occasioned by acting or refraining from acting on the basis of this publication.
We are a Law Firm with offices in Cyprus and Malta and a representative office in Shanghai China comprising of more than 80 lawyers, accountants and other professionals who advise, international and local clients.
The Firm has been offering legal and consulting services since 1983 evolving from a traditional law firm to an innovative cutting-edge multidisciplinary law firm combining exceptional expertise in law, tax, vat and accounting.
From its establishment the Firm’s focus has been heavily business oriented and always abreast with the latest global developments and innovations. Drawing from our pool of experienced professionals we provide our clients’ businesses full legal and accounting support on an everyday basis as well as customized solutions in today’s global financial and legal challenges.
We consider ourselves as ‘traditional pioneers’ and our motto is to foresee and anticipate any issues that may potentially impact our clients’ business and to offer effective advice and solutions proactively.
Lawyers’ Limited Company
12 Egypt Street, 1097, Nicosia
P.O. Box 22303, 1520 Nicosia, Cyprus
Tel: + 357 22 55 88 88 – Fax: + 357 22 66 25 00
E-mail: KinanisLLC@kinanis.com – Web site:
Civil Partnership, Law Firm
Kinanis Fiduciaries Limited
Suite 20, The Penthouse, 4th Floor, Ewropa Business Centre,
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Unit 661, 6/F CIROS PLAZA,
388 Nanjing West Road, Huangpu District,
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is the service mark through which Kinanis LLC of Cyprus, Kinanis Fiduciaries Limited of Malta, Kinanis, Civil Partnership, of Malta, Kinanis (China) Limited of Cyprus and their affiliated companies are conducting their business each of which is a separate legal entity.
refers to the service mark through which Kinanis LLC of Cyprus, Kinanis Fiduciaries Limited of Malta and their affiliated
companies are conducting business, each of which is a separate legal entity.