Cyprus RAIF: sourced answers
4 answers to specific questions — each with a verbatim quote from an official source and a link to it.
Every answer is checked against a verbatim quote from a stored copy of its source and has passed an independent review. This is reference information, not legal advice: rules change, and the outcome depends on your circumstances.
Fund: supplement to the legal-form questionnaire
How is the fund admitted by the regulator: registration, notification, authorisation, consent, recognition or no admission
a RAIF is entered on the register
«Main Legislation 01 Feb. 2019 The Alternative Investment Funds Law of 2018 (L.124(I)/2018)»
Source: cysec.gov.cy · source copy as of 2026-10-02
«138. (1) An AIF which complies with the provisions of article 134 the RAIF’s may operate as a RAIF, upon its registration in a register (the register and “RAIFs Register”) kept by the Securities and Exchange deletion from Commission∙ RAIFs shall not be granted authorisation by the it. Securities and Exchange Commission. (2) The external manager of the RAIF shall, within one (1) month from the date of the registration of the RAIF with the 139 The present English text is for information purposes only and is not legally binding. The legally binding document is in the Greek language. Registrar, in case the RAIF is established as an investment company or a limited partnership, or from the date of the drafting of its fund rules, in case the RAIF is established as a common fund, submit to the Securities and Exchange Commission an application for the registration of the RAIF in the relevant RAIFs Register, which is accompanied by the following documents and data: (a) information regarding the investment strategies, including the types of underlying funds if the AIF is a fund of funds, and the external manager’s policy as regards the use of leverage, and the risk profiles and other characte …»
Source: cysec.gov.cy · source copy as of 2026-10-03
Are investors of the given category admitted to the fund
Well-informed and professional investors
«134. (1) An AIF may operate as a RAIF, in accordance with the RAIFs. provisions of this Law, when all of the following apply- (a) the RAIF is an externally managed AIF, (b) the RAIF is addressed to professional and/or well informed investors, and (c) its fund rules or instruments or incorporation, as the case may be, shall specify that it is subject to the 135 The present English text is for information purposes only and is not legally binding. The legally binding document is in the Greek language. provisions of this Part.»
Source: cysec.gov.cy · source copy as of 2026-10-03
«Main Legislation 01 Feb. 2019 The Alternative Investment Funds Law of 2018 (L.124(I)/2018)»
Source: cysec.gov.cy · source copy as of 2026-10-02
Must the fund appoint a service provider of the given kind
Applies when: depositary
depositary required
«Main Legislation 01 Feb. 2019 The Alternative Investment Funds Law of 2018 (L.124(I)/2018)»
Source: cysec.gov.cy · source copy as of 2026-10-02
«(5) The AIFM, as the external manager of the RAIF, appoints a depositary, in relation to which articles 23 to 28 of the Alternative Investment Fund Managers Law apply. (6) (a) The entities of article 6(2)(b), which are not AIFMs, and which are appointed as external manager of the RAIF which operates in the form of a limited partnership, shall appoint a depositary, in relation to which articles 26(3) and (4), 27 to 31 and 34(1)(a), (b) and (d) of this Law apply. (b) The replacement of the depositary entails the amendment of the partnership agreement, in accordance with article 32(5) to (7). (c) In case the depositary of the RAIF resigns for any reason, article 32 shall apply. (d) The replacement of the depositary takes place in accordance with article 33.»
Source: cysec.gov.cy · source copy as of 2026-10-03
Legal form in a country
Which authority supervises the structure (other than the registrar), if any
CySEC
«Main Legislation 01 Feb. 2019 The Alternative Investment Funds Law of 2018 (L.124(I)/2018)»
Source: cysec.gov.cy · source copy as of 2026-10-02
«138. (1) An AIF which complies with the provisions of article 134 the RAIF’s may operate as a RAIF, upon its registration in a register (the register and “RAIFs Register”) kept by the Securities and Exchange deletion from Commission∙ RAIFs shall not be granted authorisation by the it. Securities and Exchange Commission. (2) The external manager of the RAIF shall, within one (1) month from the date of the registration of the RAIF with the 139 The present English text is for information purposes only and is not legally binding. The legally binding document is in the Greek language. Registrar, in case the RAIF is established as an investment company or a limited partnership, or from the date of the drafting of its fund rules, in case the RAIF is established as a common fund, submit to the Securities and Exchange Commission an application for the registration of the RAIF in the relevant RAIFs Register, which is accompanied by the following documents and data: (a) information regarding the investment strategies, including the types of underlying funds if the AIF is a fund of funds, and the external manager’s policy as regards the use of leverage, and the risk profiles and other characte …»
Source: cysec.gov.cy · source copy as of 2026-10-03
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