Suspension of Fast Track Examination scheme for the examination of

applications for authorisation

ANNOUNCEMENT

The Cyprus Securities and Exchange Commission (the ‘Commission’) wishes to inform all interested parties, that, at its meeting held on the 25th of January 2016, decided to suspend the ‘fast track’ examination scheme (the ‘Scheme’) for the examination of applications for authorisation.

The Commission reached the relevant decision due to the exceedingly large number of applications received for participation in the Scheme. As a result, the Commission will process the applications received to this day for participation in the Scheme, but it will not accept any more applications.

The Scheme will be launched again on April 1st, 2016 with the same procedures and time schedules that were set at the Commission’s Announcement dated November 2, 2015, but with the new fees listed on Annex I of this Announcement.

The new fees will apply for the applications for participation in the Scheme that will be submitted from April 1st 2016, onwards.

Nicosia, February 02, 2016

Annex I
‘FAST TRACK FEES’

APPLICANT FEE (€)
Investment firms5,000
UCITS Management Co Alternative Investment Fund Managers6,000
Internally managed UCITS5,000
UCITS/AIFs4,000
AIFs with Limited Number of Persons3,500