The Alternative Investment Funds Law of 2018
The Alternative Investment Funds Law (AIF) of 2018 came into the spotlight only in July 2018 with an upgraded legislation and a new AIF regime. The new Law is an enhanced framework of the previous Alternative Investment Funds (AIF) Law of 2014. The enactment of the AIF law of 2014 has aligned the Cyprus regulatory and legal framework with EU derivatives on asset management, with the main aim to enhance investor protection and transparency. Following perpetual efforts to evolve Cyprus fund framework, a new law has been introduced providing upgraded rules for authorisation, transparency requirements and supervision of Cyprus AIFs, ongoing operations, investment structuring possibilities as well as the enhanced role and responsibilities of directors, external managers, and depositaries.
In July 2018, the modern regime of the AIF Law of 2018 follows the latest market demands, introduces the Registered Alternative Investment Funds (RAIFs) and its new legal form – Limited Partnership with a distinguished legal personality.
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