Regulatory Alerts2024-12-20 | C673Suspension of Redemption of UCITS and AIF Units on 24 December 2024
The Cyprus Securities and Exchange Commission (CySEC) has ordered the suspension of redemptions for UCITS and AIF units on 24 December 2024. This measure applies specifically to funds holding assets in transferable securities listed on regulated markets with daily net asset value calculations. The decision is based on public holiday closures in international stock markets and statutory powers intended to safeguard investor interests and market functioning.
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