Our financial services practice team relies on the strength and experience of its team members, who have strong academic credentials and experience in the field of financial services. We regularly advise financial institutions, as well as, institutional and individual clients on related questions both regarding licensing procedures and how to comply with current regulations.
We provide assistance on and handle licensing applications to the Cyprus Securities and Exchange Commission and the Central Bank of Cyprus (the ‘Regulators’) related to Cyprus Investment Firms (CIFs), Alternative Investment Funds (AIFs) (both for professional and well informed investors) and Undertakings for Collective Investment in Transferable Securities (UCITS), Payment Institutions, Credit Acquiring Companies, Insurance Firms and Banks. We offer a comprehensive package of services vis-à-vis the licensing procedure, undertaking the completion of all the forms to be submitted to the regulator, liaise with the regulator, as and when necessary, and prepare drafts of any requisite documents (such as offering memoranda, internal business procedures manual, AML manual, custody and administration agreements, service provider agreements, etc.).
The firm can also assist to locate qualified executive and non-executive directors to fully comply with the current regulatory requirements.
Moreover, we undertake training and support for asset managers and investment funds.