FundCount, a provider of accounting and investment analysis software for single and multi-family offices, fund administrators, hedge funds and private equity firms, has joined the Cyprus Investment Funds Association, the fund industry’s sole recognised body located in Cyprus.
FundCount, a provider of accounting and investment analysis software for single and multi-family offices, fund administrators, hedge funds and private equity firms, has joined the Cyprus Investment Funds Association (CIFA). CIFA is the fund industry’s sole recognised body located in Cyprus.
Cyprus is a member of the EU and its regulatory framework is fully aligned with all the EU directives and regulations. The Cyprus legal system is based on common law.
FundCount’s membership with CIFA will give it access to industry initiatives for regulatory, compliance, and development expansion of Cyprus as a fund jurisdiction. This access allows the firm to stay abreast of the top of regional regulatory issues and industry trends.
Joining CIFA at this time is particularly attractive given that the fund sector in Cyprus is growing as of late. ARAMCO of KSA has announced the launching of a Cyprus fund with a target AUM of US1.5 billion for investments in the shipping and ESG energy sectors.
The Cyprus Investment Funds Association (CIFA) was established in February 2013 and registered as an Association in April of the same year under the Associations and Foundations Law of 1972, with the purpose and aspiration to become the collective voice and the reference point for all professionals and legal entities, offering services or engaged in the Investment Funds Industry in Cyprus. CIFA’s Board of Directors is composed of highly reputable industry professionals experienced in all aspects of the industry, including fund management, advisory, banking, audit, and legal.
