Directive for the Setting and Payment of Fees relating to the Authorisation of a Credit Servicer and the acquisition or increase of a qualifying holding in a Credit Servicer

E.E.Par.III(I) K.D.P. 143/2026
No. 6009, 20.3.2026
Number 143

THE CREDIT MANAGERS AND CREDIT PURCHASERS AND FOR RELATED MATTERS LAWS OF 2024 AND 2025 _______________ Directive under Articles 30 and 31 122(I) of 2024 70(I) of 2025.

The Central Bank of Cyprus, exercising the powers conferred upon it by Articles 30 and 31 of the Credit Managers and Credit Purchasers and for Related Matters Laws of 2024 and 2025, issues this Directive.

PART I – TITLE, INTERPRETATION, SCOPE AND PURPOSE

Short Title.

1. This Directive shall be cited as the Credit Manager Licensing Fees Setting and Payment Directive of 2026.

Interpretation. 2.- (1) For the purposes of this Directive, unless the context otherwise requires— "applicant":
(a) in relation to an application for licensing, means a legal person referred to in paragraph (a) of sub-paragraph (1) of Article 6 of the Law and (b) in relation to the acquisition or increase of a qualifying holding, means a natural or legal person intending to acquire or increase a qualifying holding in a credit manager. "Law" means the Credit Managers and Credit Purchasers and for Related Matters Laws of 2024 and 2025, as amended or replaced from time to time. (2) Terms included in this Directive and not interpreted otherwise have the meaning attributed to them by the Law.

Scope
Application. 3. This Directive applies to applicants.

Purpose. 4. The purpose of this Directive is the determination of fees for:
(i) obtaining an operating license for a credit manager, and (ii) acquiring or increasing a qualifying holding in a credit manager.

PART II – LICENSING FEES OR ACQUISITION OR INCREASE OF QUALIFYING HOLDING

Application for obtaining a license or acquisition or increase of qualifying holding in a credit manager.
5.- (1) Every applicant shall pay, together with its application to the Central Bank for obtaining an operating license for a credit manager, the amount of ten thousand euros (€10,000). (2) Every applicant intending to acquire or increase, directly or indirectly, its qualifying holding in a credit manager shall pay, together with its application to the Central Bank, the amount of five thousand euros (€5,000). (3) In the event that the submitted application concerns simultaneously the acquisition or the increase of direct and/or indirect qualifying holdings, the amount paid remains at five thousand euros (€5,000).

Payment of fees.
6. The method of payment of licensing fees or approval of the acquisition or increase of a qualifying holding in a credit manager is notified to applicants by the Central Bank.

PART III – MISCELLANEOUS PROVISIONS

Repeal
K.D.P.
316/2023.
7. The Credit Acquisition Company or Credit Facility Manager Licensing Fees Setting and Payment Directive and acquisition or increase of a qualifying holding in a Credit Acquisition Company or Credit Facility Manager Directive of 2023 is repealed.

Commencement of operation.
8. This Directive enters into force on the date of its publication in the Official Gazette of the Republic.

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