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 / [18] Liquidity management.

18. Liquidity management.

(1) Without prejudice to the provisions of article 17 of the Alternative Investment Fund Managers Law, applicable to AIFMs which are internally managed AIFs, this article shall apply to internally managed AIFs, excluding unleveraged closed-ended internally managed AIFs, unless otherwise provided in this Law.

(2) Internally managed AIFs shall employ an appropriate liquidity management system and adopt procedures which enable them to monitor the liquidity risk of the AIF and to ensure that the liquidity profile of the investments of the AIF complies with its underlying obligations.

(3) Internally managed AIFs shall ensure that the investment policy, the liquidity profile and the redemption policy are consistent.

(4) The Securities and Exchange Commission may, by means of a directive, specify any detail or technical matter regarding the application of this article.