The Cyprus Securities and Exchange Commission (CySEC) has issued Circular C162 in relation to and for the purpose of clarifying to CIFs the amended method that CIFs should apply for capital adequacy purposes. Specifically, CIFs must deduct the ICF contribution presented in their records from Common Equity Tier 1 Capital and must no longer risk weight the relevant amount, when total risk exposure amount is calculated. All CIFs are required to report to CySEC by February 11th, 2017 their capital adequacy ratio as at December 31, 2016.
The relevant circular can be viewed here.
