Home / CY AIF Law of 2018 / PART I: INTRODUCTORY PROVISIONS / [03] Scope of application of this Law

3. Scope of application of this Law.

(1)(a) This Law regulates the establishment and operation of AIFs in the Republic, including AIFPNPs and RAIFs, and, to the extent relevant, of persons engaged in AIF activity and of EU or third country AIFs marketing their units in the Republic.

(b) In particular -

• the provisions of Part II shall apply to AIFs established in the Republic and, proportionally, to AIFLNPs and RAIFs, unless otherwise provided in this Law∙

• the provisions of Part III shall apply to EU or third country AIFs marketing their units in the Republic∙

• the provisions of Part IV shall apply to traded AIFs and traded AIF units∙

• the provisions of Part V shall apply to AIFs authorised subject to the provisions of Chapter 2 Part II, to AIFLNPs and to RAIFs∙

• the provisions of Part VII shall apply to AIFLNPs∙

• the provisions of Part VIII shall apply to RAIFs.

(2)This Law shall not apply -

(a) to the undertakings falling within the scope of the Open Ended Undertakings for Collective Investment Law and Directive 2009/65/EC∙

(b) to the social security scheme falling within the scope of the Social Insurance Law∙ (i)

(c) to the entities that fall within the scope of the Insurance Services and Other Related Issues Law∙ (ii)

(d) to the entities that fall within the scope of the Establishment, Activities and Supervision of Institutions for Occupational Retirement Provision Law∙ (iii)

(e) to the employee participation schemes or employee saving schemes∙

(f) to the securitisation special purpose entities∙

(g) to the approved investment undertakings and investment undertakings, as provided for in the regulatory decisions of the Council of the Cyprus Stock Exchange Law regarding the stock exchange markets.

(i) 59(I) of 2010, 114(I) of 2010, 126(I) of 2010, 2(I) of 2012, 37(I) of 2012, 170(I) of 2012, 193(I) of 2012, 196(I) of 2014, 194(I) of 2014, 176(I) of 2015, 1(I) of 2017, 52(I) of 2017, 115(I) of 2017.

(ii) 38(I) of 2016, 88(I) of 2017

(iii) 208(I) of 2012, 111(I) of 2014, 143(I) of 2015, 10(I) of 2018.