Nicosia, Cyprus. The Cyprus Securities and Exchange Commission has announced proposed amendments to the fees payable by entities operating in the collective investment management sector and launched a public consultation on the planned changes.
Proposed fee changes
In a consultation paper, the regulator outlined revised charges affecting management companies and investment funds, with fees varying according to the type, category and size of the supervised entities. The proposed new fees could reach up to €45,000.
Scope of the revision
CySEC said the amendments would change the methodology used to calculate annual fees payable by entities operating in the collective investments sector. The proposals also include changes to authorisation application fees and charges linked to material changes in supervised entities, depending on their category.
Reporting and notifications
The consultation paper also introduces proposals for new types of information disclosures that supervised entities would be required to submit. At the same time, the regulator said it intends to remove notification obligations that are no longer applicable as part of a broader effort to streamline the framework.
Regulator’s objective
CySEC said the revision is part of a comprehensive review of all its fees and charges. The regulator said the aim is to align fees more closely with the nature, scale and complexity of the activities carried out by supervised entities, while reducing dependence on public resources and strengthening financial autonomy.
