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5 CPD

Course overview

This course aims to provide a thorough introduction to the Funds industry. With this course you will learn about the different fund structures and their characteristics, the key players involved in a fund, the authorisation documentation, the requirements for the marketing of the fund units and the different fund categories. You will also gain an understanding about the External Managers and who can act as a Depositary.

Course Description

This course addresses the basic types of Alternative Investment Funds, describes the new Registered AIF (RAIF) regime and explains about the General characteristics of Alternative Investment Funds. It provides a thorough introduction to Alternative Investment Fund Managers (AIFM) and analyses their activities and risk management obligations. It covers the common provisions of Funds and describes the AIF marketing and strategies.

Topics covered

The course is split into the following sections:

Section 1: Introduction: AIF Basics

  • Basic AIF Types
  • Fund Service Providers
  • Investment Managers
  • Registered AIFs
  • RAIF in a Nutshell
  • Well Informed Investor

Section 2: General characteristics of AIFs

  • AIF Forms
  • Conversion
  • AIF Management
  • AIF Setup
  • Open and Closed-Ended
  • AIF Listings
  • Umbrella AIFs
  • Authorization
  • General Structure

Section 3: Alternative Investment Fund Managers

  • Law on Alternative Investment Fund Managers
  • AIFM Conditions
  • External AIFMs
  • AIFM Activities
  • Activity Barriers
  • AIFM Risk Management Obligations
  • AIFM Risk Management Practices
  • Maximum Leverage

Section 4: Common Provisions

  • Retention
  • Investment Policy
  • Risk Management
  • Liquidity Management
  • AIF Depositary
  • AIF Units
  • Marketing of AIF Units
  • Issuance of AIF Units
  • Marketing to Retail and Well Informed

Section 5: AIF External Manager & AIF Depository

  • AIF External Manager
    • External Manager
    • Delegation
    • Resignation and Replacement
  • AIF Depositary
    • Appointment (AIFM Law)
    • Who Can Act as Depositary
    • AIFM Is Not a Depositary
    • Depositary Location
    • Location- EU vs non-EU
    • Assets not subject to Custody
    • Depositary tasks and obligations
    • AIF Cash Flows
    • Assets in Custody – Financial Instruments
    • Assets in Custody – Other Assets
    • Depositary Liability
    • Resignation

Section 6: AIF Marketing and Strategies

  • The Law
  • AIFMs in Cyprus – AIFM Law (2015) – Ss 38
  • Available Information
  • Own Funds and Insurance
  • Institutional clients and CySEC
  • Changes in Information
  • Passporting
  • Non-EU AIF

Section 7: Risks per AIF type

  • AIF Categories: Funds of Funds
  • AIF Categories: Real Estate Funds
  • AIF Categories: Hedge Funds
  • AIF Categories: Private Equity Funds
  • AIF Categories: Other Funds
  • Investor Base
  • Exposures and Passports
  • Passporting
  • Risks per AIF: FoF
  • Risks per AIF: RE
  • Mitigating AIF RE Liquidity Risk
  • Risks per AIF: HF
  • Risks per AIF: PE
  • Risks per AIF: Other

Course Duration

This course may take up to 5 hours to be completed. However, actual study time differs as each learner uses their own training pace.

The course is addressed to:

This course is addressed to all individuals who are involved in the Funds’ industry such as:

  • Employees of Funds
  • Fund Managers
  • Fund Administrators
  • Fund consultants
  • Professionals in the Funds’ industry
  • Lawyers
  • Accountants

It is also suitable to professional pursuing regulatory CPD for the renewal of the “Basic” and “Advance” CySEC Certificate.

Training Method

The course is offered fully online using a self-paced approach. The learning units consist of power point presentations. Learners may start, stop and resume their training at any time.

At the end of each section, participants take a Quiz to complete their learning unit and earn a Certificate of Completion once all quizzes have been passed successfully.

Accreditation and CPD Recognition

The course can be accredited by regulators and other bodies for 5 CPD Units that require CPD training in financial regulation.

Eligibility criteria and CPD Units are verified directly by your association or other bodies in which you hold membership.

Registration and Access

To register to this course, click on the Take this course button to pay online and receive your access instantly. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalizing your payment.

Access to the course is valid for 60 days.

If you wish to receive an invoice instead of paying online, please Contact us by email. Talk to us for our special Corporate Group rates.

Instructor

Dr. Nektarios Michail has more than 8 years of experience in the financial services industry, having worked at the Central Bank of Cyprus, the Bank of Cyprus, as well as a Cyprus CIF and an investment fund. His experience has allowed him to obtain a full view of the industry, covering roles ranging from policy making to active participation in trading, investing and analysis.Through his experience, Nektarios has obtained a hands-on experience with real-life economics, with proven success in forecasting and macroeconomic analysis. He holds a PhD in Financial Economics from Cyprus University of Technology, and his research, covering variety of topics, has been published in several academic journals, as well as featured in the leading newspapers of Cyprus. He is also the author of a book titled “Money, Credit, and Crises: Understanding the Modern Banking System”, which has been published by Palgrave-MacMillan.He is currently employed by an Investment Fund while he is also an Adjunct Lecturer at the Cyprus University of Technology.

See more Courses from Nektarios Michail

Course Description (click to download)