UCITS Management Company authorisation (Cyprus)
The UCITS Management Company authorisation is issued by Cyprus Securities and Exchange Commission (CySEC) under The Alternative Investment Fund Managers Law of 2013 (Law 56(I)/2013). It can be passported to the other EU/EEA states by notification. The official register lists 2 current holders. Ownership changes need the regulator's approval before completion.
At a glance
| Official name | UCITS Management Company authorisation1 |
|---|---|
| Issued by | Cyprus Securities and Exchange Commission |
| Jurisdiction | Cyprus |
| Licence family | Fund manager |
| Legal basis | The Alternative Investment Fund Managers Law of 2013 (Law 56(I)/2013)2 The Open-Ended Undertakings for Collective Investment (UCI) Law of 2012 (Law 78(I)/2012)2 Directive 2011/61/EU on Alternative Investment Fund Managers (AIFMD)3 |
| Passporting | EU/EEA passport available |
| Public register | official register1 |
| Current holders | 21 |
What it lets you do
- Managing UCITS funds. Managing undertakings for collective investment in transferable securities, the EU's retail fund format.
Where it is valid
Buying a company that already holds it
Prior notification with an objection period. Any natural or legal person proposing to acquire or increase, directly or indirectly, a qualifying holding reaching or crossing 10%, 20%, 30%, or 50% in a CIF, AIFM, or CASP, or to achieve control making it a subsidiary, must submit prior written notification to CySEC under Sections 12 and 13 of Law 87(I)/2017 and MiCA Article 83. CySEC acknowledges receipt within two working days and has a statutory assessment period of 60 working days to oppose the acquisition based on reputation, financial soundness, AML risks, and fit-and-proper criteria. The assessment period may be interrupted once by up to 20 working days (or 30 working days for non-EU entities) to request additional information. If CySEC does not object in writing before expiry, the transaction is deemed approved. Closing without CySEC non-opposition suspends voting rights and risks statutory penalties.4
Laws behind it
- Alternative Investment Fund Managers Directive: Directive 2011/61/EU
- UCITS Directive: Directive 2009/65/EC
- European Crowdfunding Service Providers Regulation: Regulation (EU) 2020/1503
Sources
- cysec.gov.cy: ΑΔΕΙΔΟΤΗΜΕΝΕΣ ΗΜΕΔΑΠΕΣ ΕΤΑΙΡΕΙΕΣ ΔΙΑΧΕΙΡΙΣΗΣ · retrieved 2026-09-24
- cysec.gov.cy: collective investment · retrieved 2026-09-24
- eur-lex.europa.eu: HTML (32011L0061) · retrieved 2026-09-24
- cylaw.org: full · secondary · retrieved 2026-09-24
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