Regulatory Alerts2024-04-22 | C636CySEC Circular C636: Extension of Q1 2024 CIF Quarterly Statistics Submission Deadline
The Cyprus Securities and Exchange Commission extends the deadline for Cyprus Investment Firms to submit the Q1 2024 Form QST-CIF by two days due to a public holiday. The new submission deadline is Wednesday, May 8, 2024, via the CySEC Transaction Reporting System. Failure to comply may result in administrative penalties, and no reminders will be sent to non-compliant firms.
TO : Cyprus Investment Firms (‘CIFs’) FROM : Cyprus Securities and Exchange Commission DATE : April 22, 2024 CIRCULAR No : C636 FILE No : E.K. 02.03.001 and E.K. 01.13.001.002.002 SUBJECT : CIFs Quarterly Statistics (Form QST-CIF) – 31/03/2024 Submission – Change of Deadline
The present Circular is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (the ‘CySEC Law’). The Cyprus Securities and Exchange Commission (the ‘CySEC'), following Circular C625 issued on March 29, 2024 and taking into account the fact that May 6th of 2024 is a public holiday, wishes to inform CIFs, that the deadline of the submission of the Form QST-CIF for Q1 2024, is extended by two days later. In this respect: Point 2.1 of the Circular C625 is changed as follows: The Form must be successfully submitted electronically via the CySEC’s Transaction Reporting System (‘TRS’) by Wednesday, May 8, 2024, the latest. CySEC wishes to emphasise the importance of meeting the deadline set, for successful submission of the Form. Failure to promptly and duly comply with the above may bear the administrative penalties of section 37(5) of the CySEC Law. It is further noted that CySEC will not send any reminders to those CIFs, which fail to promptly and duly comply. CySEC wishes to inform you that, apart from the point mentioned above, all the other points and content of Circular C625 are still applicable. Yours sincerely, Dr George Theocharides Chairman, Cyprus Securities and Exchange Commission