Home / CY AIF Law of 2018 / PART ΙΙ: PROVISIONS REGARDING THE ALTERNATIVE INVESTMENT FUNDS / Chapter 9: Obligations regarding disclosures to investors / [76] Offering document, half-yearly report, annual report, annual financial statements and financial year of the AIF.
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76. Offering document, half-yearly report, annual report, annual financial statements and financial year of the AIF.
(1) The external manager of the AIF or AIF, in case it is internally managed in accordance with article 6(2)(a), shall prepare and submit, without undue delay, to the Securities and Exchange Commission-
(a) every material change in the offering document of the AIF;
(b) an annual report for each financial year; and
(c) a half-yearly report covering the first six (6) months of the financial year.
It is provided that, the provisions of this paragraph shall apply to AIFLNPs as if the reference to article 6(2)(a) is a reference to article 125(1)(a)∙
(2) The annual and half-yearly report of the AIF shall be communicated to the Securities and Exchange Commission by the external manager of the AIF, and made available to the investors by the external manager of the AIF at the points of distribution of its units within the following time limits from the end of the period to which they relate:
(a) six (6) months in the case of the annual report; or
(b) two months in the case of the half-yearly report.
(3) The offering documents of the AIF, its fund rules or instruments of incorporation and its latest annual and half-yearly report are provided to any potential investors of the AIF, in accordance with article 36(3).
(4) The AIF shall provide the investors, free of charge, with its annual report, following a relevant request by them.
(5) In case a prospectus is drawn up, in accordance with Part II of the Public Offer and Prospectus Law, only the additional information required by section 79 of this Law, which are not included in the prospectus, shall be published, either separately or as additional information in the offering document.
(6) In case of an umbrella AIF, a single offering document and annual and half-yearly reports shall be prepared as one single document, for all the investment compartments of the AIF.
(7) The financial year of an AIF is one calendar year, with the exemption of its first financial year which ends on the 31st day of December of the year at which its operations began.
(8) The Securities and Exchange Commission may, by means of a directive, specify any technical matter regarding the application of this article.
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