{"id":5097,"date":"2015-06-09T14:48:46","date_gmt":"2015-06-09T11:48:46","guid":{"rendered":"https:\/\/fzmayuxbif.wpdns.site\/?p=5097"},"modified":"2023-08-07T14:49:03","modified_gmt":"2023-08-07T11:49:03","slug":"cyprus-investment-funds-increase-by-23-while-the-platform-is-further-enhanced","status":"publish","type":"post","link":"https:\/\/www.kyprianou.com\/he\/cyprus-investment-funds-increase-by-23-while-the-platform-is-further-enhanced\/","title":{"rendered":"Cyprus Investment Funds increase by 23% while the platform is further enhanced"},"content":{"rendered":"

The Central Bank of Cyprus has released the latest investment funds statistics for the reference month of March 2015, indicating that the total net assets of Cyprus investment funds increased by 23%. Net assets therefore reached \u20ac2,537 million for the period, up significantly from \u20ac2,068 million in December 2014.<\/p>\n

\u201cThe latest statistics reveal the trust investors continue to place in the jurisdiction which is able to compete with other, larger jurisdictions,\u201d explains George Martides, Chairman of the CIFA Research and Statistics Committee.<\/p>\n

He continues: \u201cCyprus is becoming a fast-growing investment fund centre in Europe through the prompt response to legislative and regulatory needs and its strong financial services sector which is at the forefront of industry developments.\u201d<\/p>\n

Further enhancement of the value offer of the Cyprus Investment Funds Platform is expected as The Cyprus Investment Funds Association (CIFA) has formed a strategic partnership with law firm, King & Wood Mallesons (KWM) to develop the legal and regulatory framework for investment funds in Cyprus.KWM will conduct a comprehensive review of the Cypriot investment funds framework, including corporate tax arrangements and registration laws, to enhance Cyprus\u2019 position as an international jurisdiction for the domiciliation and management of funds.<\/p>\n

The findings of the consultative review are expected to be published later in 2015, whereupon KWM will work with CIFA to promote Cyprus as a gateway to Europe for regional fund managers, particularly in Asia.<\/p>\n

CIFA was granted observer status by the European Fund and Asset Management Association (EFAMA) in June 2014, following Cyprus\u2019 adoption of the UCITS IV and the AIFMD directives into the country\u2019s national legal system. CIFA President Angelos Gregoriades says: \u201cWe are pleased to mandate KWM \u2013 as the only global law firm headquartered in Asia \u2013 to take Cyprus\u2019 investment funds sector to the next stage of its development. It marks our commitment to the country\u2019s recovery in developing core growth sectors, of which fund management is one. There is huge opportunity for global fund managers from Asia and other regions to use Cyprus as a springboard to the deep markets of Europe.\u201d<\/p>\n

For more information please visit the\u00a0Cyprus Investment Promotion Agency<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Cyprus has released the latest investment funds statistics for the reference month of March 2015, indicating that the total net assets of Cyprus investment funds increased by 23%. Net assets therefore reached \u20ac2,537 million for the period, up significantly from \u20ac2,068 million in December 2014. \u201cThe latest statistics reveal the trust […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_analysis_target_kw":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[673],"tags":[],"location":[342],"expertises":[],"key_contact":[],"class_list":["post-5097","post","type-post","status-publish","format-standard","hentry","category-deltia","location-kypros"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.kyprianou.com\/he\/wp-json\/wp\/v2\/posts\/5097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kyprianou.com\/he\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kyprianou.com\/he\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kyprianou.com\/he\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kyprianou.com\/he\/wp-json\/wp\/v2\/comments?post=5097"}],"version-history":[{"count":0,"href":"https:\/\/www.kyprianou.com\/he\/wp-json\/wp\/v2\/posts\/5097\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.kyprianou.com\/he\/wp-json\/wp\/v2\/media?parent=5097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kyprianou.com\/he\/wp-json\/wp\/v2\/categories?post=5097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kyprianou.com\/he\/wp-json\/wp\/v2\/tags?post=5097"},{"taxonomy":"location","embeddable":true,"href":"https:\/\/www.kyprianou.com\/he\/wp-json\/wp\/v2\/location?post=5097"},{"taxonomy":"expertises","embeddable":true,"href":"https:\/\/www.kyprianou.com\/he\/wp-json\/wp\/v2\/expertises?post=5097"},{"taxonomy":"key_contact","embeddable":true,"href":"https:\/\/www.kyprianou.com\/he\/wp-json\/wp\/v2\/key_contact?post=5097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}