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The Cyprus Fiduciary Association (CYFA) is excited to announce the launch of its all-new and improved website at www.cyfa.org.cy The website aims at increasing and further streamlining communication with members and other related parties. The all-new website was redesigned, rebranded and rewritten from the ground up. It is easier to navigate, it’s more search engine...
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CYFA would like to inform its members that as part of the efforts to enhance our collaboration with main industry stakeholders, a meeting was held with the Cyprus Investment Fund Association (CIFA) on the 19th of July 2022 at CIFA offices in Nicosia. During the meeting, CYFA and CIFA representatives discussed and exchanged ideas on...
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Following CYFA Announcements #9/2022 and #14/2022 on the subject matter, we would like to inform you that the proposed Directive is currently being discussed by the Member States at an EU level. The progress of the proposal can be monitored through the Legislative Observatory of the European Parliament by clicking here. Please also be informed...
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CYFA would like to inform its members that following the recent call of the Ministry of Finance for Public Consultation regarding the enactment of a Law for establishing a framework for the screening of foreign direct investments for the purpose of applying specific provisions of Regulation (EU) 2019/452 of the European Parliament and of the...
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In regards to the 3rd Brainstorming Event held on the 22nd of June and in continuation to CYFA Announcement #28, the Association would like to inform its members that the relevant report outlining the outcome of the event, can be accessed in the Members Only area. The Association plans to continue organizing similar platforms for...
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The Association would like to inform its members that the 3rd Brainstorming Event was held successfully at Radisson Blue Hotel in Larnaca on Wednesday, 22nd June 2022. The aim of the event was to provide the opportunity to member firm representatives to discuss, analyse and exchange ideas about specific challenges of our industry and to...
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The Association would like to inform its members that the EU has released on the 3rd June 2022 the 6th Package of Restrictive Measures against Russia. The 6th Package includes a: • Ban on imports from Russia of crude oil and refined petroleum products, with limited exceptions; • Swift ban for 3 Russian and 1...
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The Association would like to inform its members that the Society of Trust and Estate Practitioners (STEP Cyprus) is now an Honorary Member of CYFA. The enhancement of our cooperation with STEP Cyprus will further allow for more initiatives to be undertaken for the benefit of the industry. For the official announcement, please click here.
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The Association would like to inform its members that the Cyprus Securities and Exchange Commission has issued on the 10th May 2022 Circular C511 with regards to the EU Council’s Restrictive Measures against Russia due to its military aggression against Ukraine – Existing Trusts and/or Existing Similar Legal Arrangements. To read the relevant Circular please...
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