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Form for Cyprus Investment Firms’ fees updated on CySEC’s website

The Cyprus Securities and Exchange Commission (CySEC) announced that the form for calculating the annual fees for Cyprus Investment Firms (CIF) has been updated to include the fees for 2023.

The form has been published on the CySEC website (87-03-01). “CIFs are obliged to use the revised Form 87-03-01 for the calculation of their annual fees,” it said. “For the calculation of the annual fees, the CIFs must complete the grey cells in the fields 1.5 – 1.7 of Form 87-03-01, according to the instructions on the Form.”

Furthermore, it said, when submitting the form to CySEC, the CIFs must attach as Appendixes the extract from the audited financial statements where the total turnover of the corresponding year (2023) is disclosed; and evidence of the payment of the annual fees to CySEC.

The completed and signed form is submitted to CySEC, through the portal, within four months from the end of each financial year, that is by 30 April the latest, along with the payment of the annual fee.

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