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CySEC Reporting Alert - Circular 691 CIFs Quarterly Statistics (Form QST-CIF) Q1 2025 Submission

  • Antonis Hadjicostas
  • Mar 26
  • 2 min read

Updated: Apr 3




🔔 Legal / Regulatory Alert – Cyprus!


CySEC has issued today Circular C691, which outlines the requirements for Cyprus Investment Firms (CIFs) regarding the submission of quarterly statistics.


📊 Important Update for CIFs!


Circular C691 mandates that all CIFs authorized by March 31, 2025, must complete and submit the latest version of the Form QST-CIF to CySEC.


📢 Key Updates in Brief


CySEC has released Circular C691 on March 26, 2025, informing CIFs about the submission process for the Form QST-CIF. This submission is crucial for compliance with section 25(1)(c)(ii) & (iii) of the CySEC Law.


1. Submission Requirements:

  • All authorized CIFs must submit the completed Form QST-CIF, Version 16, by May 5, 2025.

  • CIFs that have not utilized their authorization must also submit the Form.

  • Upon submission, firms must receive a feedback file confirming receipt, which indicates whether the submission was error-free.


2. Importance of Deadline:

  • The deadline for submission is set for May 5, 2025. CIFs are reminded that this deadline is crucial to avoid administrative penalties as outlined in section 37(5) of the CySEC Law.

  • No reminders will be sent to firms that fail to comply.


3. General Instructions:

  • The Form is to be completed in English and all monetary values reported in Euros.

  • CIFs must ensure they are using the latest version of the Form and follow the provided instructions closely.


4. Naming Convention for Submission:

CIFs are required to name their Excel file following this format: Username_yyyymmdd_QST-CIFThis ensures proper identification and processing of submissions.


5. Support for CIFs:

CIFs with questions regarding the Form completion should submit inquiries in writing before April 28, 2025, to the designated email. For technical issues related to submission, they can visit the CySEC website or reach out to the technical support email.


â›” Why It Matters:


CIFs are urged to comply with these requirements to avoid penalties and ensure proper reporting. Adhering to the submission guidelines is essential for maintaining regulatory standards and operational integrity.

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