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  • Cyprus Funds: UCITS

Cyprus Funds: UCITS

05 October 2016

In June 2012, Cyprus passed the Open Ended Undertakings for Collective Investment Law to amend the older legislation and align it with the UCITS IV Directive. In this regard, a UCITS fund licensed in Cyprus may be sold, marketed or operate in any member state with no requirement for further authorisation. Similarly, a Management Company licensed in Cyprus to manage UCITS is authorised to manage UCITS in any other member state.