Home / CY AIFM Law of 2013 / PART ΙΧ – SUPERVISION RULES / CHAPTER 1 - Designation, powers and redress procedures / Section 69 - Designation of the Commission as the competent authority.
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Designation of the Commission as the competent authority.
69. The Commission shall be the designated competent authority for the supervision of the application of the provisions of the Law. The Commission shall adopt and apply appropriate procedures in order to supervise the compliance of the AIFMs, at all times, and with their obligations derived from this Law. The Commission shall inform ESMA and the European Commission that it has been designated as the competent authority of the Republic for the purposes of this Law and of Directive 2011/61/EU.
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