Due to the COVID-19 outbreak, the Cyprus Securities and Exchange Commission (CySEC)  announced an extension for most of the annual reporting obligations for all Cyprus Investment Firms (CIFs).  The European Securities Market Authority (ESMA) announced 31st of March, an extension of the Best Execution obligations of the RTS 27 and RTS 28 reports.

This afternoon, CySEC announced the extensions of the Investor Compensation Fund (ICF) contributions and the additional annual contribution. All CIFs will be informed for the additional annual ICF contribution by the 10th of August, while the deadline for the payment is due 10th of September. Interested about the upgraded ICF? Read an earlier article published by the SALVUS team.

We at SALVUS always strive to keep all of our clients up to date with their reporting obligations and upcoming changes to the legislation.

The below table presents all extensions of the reporting obligations. Should you wish to know the deadlines of the unchanged reporting obligations, read an earler article published by SALVUS.

Regulatory Obligations Deadlines	Current Deadline	Extension Deadline
AML Monthly Prevention Statement Form 144-08-11	15th of Mar	15th of Jun
Risk Based Supervision Framework (RBS-F)	31st of Mar	30th of Jun
Annual AMLCO Report	31st of Mar	30th of Jun
Quarterly RTS 27 Execution Quality of Transactions - Q4 2019	31st of Mar	30th of Jun
AML Monthly Prevention Statement Form 144-08-11	15th of Apr	15th of Jun
Annual Compliance Function Report	30th of Apr	31st of Jul
Annual Risk Management Report	30th of Apr	31st of Jul
Annual Internal Audit Report	30th of Apr	31st of Jul
Annual Audited Financial Statements	30th of Apr	31st of Jul
Annual Auditor's Suitability Report	30th of Apr	31st of Jul
Annual Disclosure & Market Discipline Report	30th of Apr	31st of Jul
Quarterly Statistics Form QST-CIF - Q1 2020	30th of Apr	31st of Jul
Annual Fees to CySEC Form 87-03-01	30th of Apr	31st of Jul
Annual RTS 28 Execution Quality Summary Statement	30th of Apr	30th of Jun
Statement of Eligible Funds and Financial Instruments to the ICF (with external auditors report)	10th of May	10th of Jul
AML Monthly Prevention Statement Form 144-08-11	15th of May	15th of Jun
External Auditor's Verification Report on Pillar III Disclosures	31st of May	31st of Aug
Annual Audited Disclosure & Market Discipline Report	31st of May	31st of Aug
Capital Adequacy Forms based on the Audited Financial Statements	31st of May	31st of Jul
Prudential Supervision Information Form 144-14-11	30th of Jun	31st of Aug
CIFs will be notified for their ICF annual contribution fee	10th of Jun	10th of Aug
ICF Annual contribution fee (if a discount applies to the CIF)	10th of Jul	10th of Sep
ICF Annual contribution fee (if no discount applies to the CIF)	10th of Aug	10th of Oct

*Updated List as of 15th of April 2020.

We understand how important is to meet a reporting obligation on time and we endeavor to keep updating this table if it is required.

We as SALVUS remain 100% open and operational. Our system infrastructure allows all our team members to perform 100% of our services, online from anywhere in the world. We will continue supporting all clients in regard to their reporting obligations and beyond.

We will be glad to help. Talk to us.

#StayAhead.