Cyprus Securities and Exchange Commission (CySEC) has issued a circular that serves as a reminder to Cyprus Investment Fund Managers (CyIFMs) regarding website compliance.
The regulator notes that it has observed inconsistencies in website content, inadequate disclosures and deviations from the applicable regulatory framework.
CyIFMS are generally required to maintain a website, ensuring that its content aligns with marketing communications requirements. Additionally, they must disclose certain documents and information, making them accessible to investors through their website.
CyIFMs are expected to undertake the following actions to ensure compliance:
- Website maintenance: Ensure the proper upkeep of an official website (owned and operated by them). CySEC also urges sub thresholds CyAIFMS that address their funds to non-retail investors and do not have SFDR disclosures…
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