Home / CY AIF Law of 2018 / PART ΙΙ: PROVISIONS REGARDING THE ALTERNATIVE INVESTMENT FUNDS / Chapter 3: Common provisions regarding the organisation and operation of AIFs / [15] Investment policy.

15. Investment policy.

(1) The Securities and Exchange Commission may, by means of a directive, specify any investment restrictions regarding the AIFs according to the nature of the assets in which they invest and the investors to which they are addressed.

(2) The Securities and Exchange Commission may, by means of a directive, determine specific categories of AIFs according to their investment strategy and the structure of their investments.

(3) Where the AIF invests in other collective investment schemes of any type, including AIFs which are under the management of the same external manager or such other external manager which is linked by close links with the external manager that manages the first AIF, the latter external manager shall not receive any remuneration or redemption fees which would otherwise receive.