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CICF: Cyprus Investors Compensation Fund Course Certificate- CYSEC (CYSEC)


Description

A complete & interactive regulatory update, with a primary focus on capital and financial instruments recovery through public regulatory mechanisms available in the Cyprus jurisdiction.


DESCRIPTION
Primary focus is on the Cyprus Securities and Exchange Commission's (CySEC) Cyprus Investors Compensation Fund of Cyprus Investment Firms' clients and investors. Imperative knowledge for all professionals and clients that are engaging in a professional and client capacity with Cyprus Investment Firms & EU Investment Firm Branches in Cyprus.

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Addressed to:



  • Compliance & AML Officers

  • Members of the Cyprus Bar Association

  • Professional Accountants

  • Clients & Investors in Cyprus Investment Firms/Funds & EU Investment Firm Branches in Cyprus

  • Promoters of Cyprus Investment Firms (CIFs)

  • Financial Advisers

  • Investors/Clients and legal advisers of clients seeking to make a valid capital & securities reimbursement claim

  • Dealers in Cyprus Investment Firms (CIFs)

  • Fund Managers

  • Fund Administrators

  • Corporate Service Providers


COMPATIBILITY
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The seminar seeks to reduce the knowledge gap that has been identified pertaining to the systems established to protect investors-clients against the loss of their capital in Cyprus Investment Firms, Funds and EU Investment Firms branches in Cyprus. This is an online asynchronous tutorial with interactive tests, financial, business, investment and legal information for everyone. The tutorial is very comprehensive albeit brief, to the point and entertaining. It is not meant to be a replacement for legal & professional advice, but aims to complement it.

cpd units: 2 Duration (hours): 2

Content
  • 1 - Introduction
  • 2 - Prologue
  • 3 - Audience
  • 4 - Raison d'être
  • 5 - Compensation Schemes in Cyprus Title
  • 6 - ICF vs DCF
  • 7 - Central Bank: Depositors Guarantee Fund
  • 8 - Cyprus Depositors Guarantee Scheme Operated by the Central Bank of Cyprus
  • 9 - Compensation Amounts under the DGS as Operated by the Central Bank
  • 10 - Cyprus Investors Compensation Fund
  • 11 - Introduction & Objectives of the ICF
  • 12 - Expulsion from the Fund
  • 13 - Membership eligibility
  • 14 - Membership Eligibility
  • 15A - Clarifications
  • 15A - Management Company
  • 15B - Management Company
  • 15 - Duplicate/Additional Membership
  • 16- Fund's Income
  • 17 - Fund's Additional Income
  • 18 - How to join the Fund
  • 19 - Initial Contributions Analysis
  • 20 - Membership through an ancillary service
  • 21 - Annual Administrative Fee
  • Administrative Fee Test
  • 22- Exraordinary Supplementary Contribution
  • 23 - Reporting Obligations by companies to the Fund
  • 24 - Statement of Eligible Funds and Financial Instruments
  • 25 - Continued
  • 26 - Calculation of Clients' Eligible Funds
  • 27 - Clarifications
  • 27 (1) Completing the Statement
  • ΤΑΕ-Eligible-Funds-Form.docxigible Funds Form to be completed
  • External-Auditor-Report.docx
  • Directive Amendments due to CoVID-19
  • 28 - Penalties & Late Submission Fees
  • 29 - Buffer Deposit Confirmation
  • 30 - Confirmation Report of Capital Buffer Deposit by the Company
  • 30 - Advertising Membership to the ICF
  • 31 - Compensation Procedure
  • 32 - Continued
  • 34 - Continued
  • 35A -
  • 36 - Continued
  • 37 - Fund Structure
  • 38 - Fund Structure
  • 39 - General Provisions
  • 40 - Reimbursement Procedure - Clients - Investors
  • 41 - Continued
  • 42 - Continued
  • 43 - Continued
  • 44 - Continued
  • How long does an investor have to submit a claim ?
  • 45 - Appealing a negative decision of No Payment or Insufficient Payment
  • 46 - Prohibited Investor Types
  • Continued
Completion rules
  • You must complete 80.00% of the content
  • Leads to a certificate with a duration: Forever
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