5 CPD
Course Description
This course describes in detail the key conditions for the marketing of Units of Undertakings of Collective Investments (UCIs) in Cyprus [AIF, AILNP, RAIF and UCITS]. Marketing is essential in the competitive industry of UCIs. UCIs marketing is becoming more and more sophisticated, focusing on digitalization, data analytics and personalized communication.
This course explains the various requirements for the marketing of Units to “Retail”, “Professional” and “Well Informed” investors in Cyprus and describes the key provisions and obligations of the persons contracted with External Managers, Self-Managed Funds and UCITS for the marketing of their Units.
It also describes in brief the marketing and disclosure requirements related to Sustainable Finance Regulatory Framework and refers to the information that should be disclosed on a website in case of marketing of financial products that have sustainable investments.
It provides the various requirements for the marketing of Units of an AIF in Cyprus through the internet and refers on how the relevant content of a website should be.
Furthermore, this course describes the various information that an AIF, AIFLNP and UCITS should disclose to investors prior the submission of a subscription application, as well as when an investor’s order for subscription, redemption or repurchase is executed.
Topics covered
The course is split into the following sections:
Section 1: A summary of the industry of Undertakings of Collective Investments (UCIs) in Cyprus
- The different types of Undertakings of Collective Investments structures (UCIs) in Cyprus
Section 2: Marketing of AIF, AIFLNP, RAIF and UCITS Units
- Marketing of Units of AIF, AIFLNP, RAIF
- What is pre-marketing?
- Obligations in case of pre-marketing by a Cyprus AIFM authorised by the CySEC
- What is marketing of Units?
- Marketing of AIF Units to “Professional” investors in Cyprus
- Marketing of Units of AIFs by “Sub-threshold” AIFMs to “Professional” or “Well-Informed” investors in Cyprus
- Marketing of AIF Units to “Retail” investors in Cyprus
- Key provisions regarding persons contracted with the External Manager of an AIF or the Self-Managed AIF for the marketing of Units of the AIF in Cyprus
- Certification of the persons that participate in the marketing network of Units of AIFs in Cyprus
- Liability in marketing of Units of an AIF
- Marketing communications explained
- What can be considered as marketing communications
- Communications that should not be considered as marketing communications
- Key requirements of marketing communications
- Requirements to be met when a marketing communication describes some features of the promoted investment
- Requirements to be met when a marketing communication includes information on risks and rewards
- What a marketing communication should include when refers to the costs associated with purchasing, holding, converting or selling Units or Shares of an AIF or Units of a UCITS
- Key requirements of marketing communications when refer on past performance and expected future performance
- What requirements should be met in case a marketing communication refers to the sustainability-related aspects of the investment in the promoted Fund
- Procedure for the marketing by a Cyprus AIFM of an EU AIF in a Member State other than Cyprus
- Procedure for the marketing in Cyprus of an EU AIF that is managed by an AIFM of another Member State
- Conditions for the marketing in Cyprus, with a passport, of a non-EU AIF that is managed by an AIFM of a Member State other than Cyprus
- Marketing of Units of AIFLNPs (Alternative Investment Fund with Limited Number of Persons)
- Key conditions for the marketing of a Registered Alternative Investment Fund (RAIF) Units
- Marketing of Units of UCITS
- Disclosures related to Sustainable Finance Regulatory Framework in brief
- Termination of the marketing of Units
Section 3: Marketing of Units in Cyprus through the internet
- The marketing of Units of an AIF in Cyprus may also be carried out through the internet
- Provide information during the marketing of Units through the internet
- Key examples of regulatory requirements related to website compliance
- For UCITS Management Companies or Self-Managed UCITS
- For AIFMs and sub threshold AIFMs
- Website disclosures for financial products that have sustainable investments as their objective
Section 4: Information and disclosures to Investors
- By an AIF / AIFLNP
- Information to be provided to a potential investor before signing the subscription application
- Information to be provided when an investor’s order for subscription, redemption or repurchase is executed
- Information to be provided to an investor in relation to the investor’s investment
- Information in case of a merger
- By a UCITS
- Information to be provided to investors
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 Funds’ industry and Investment Firms (forex, brokers, etc) such as:
- Executive Directors, Non-executive directors, Senior Managers, Compliance Officers, Risk Managers, Product Managers, Portfolio Managers, Investment Advisors, Dealers, Marketing Managers and in general employees of Funds, Fund Managers and Investment Firms.
- Fund Administrators
- Fund consultants
- Internal Auditors
- Professionals in the Funds’ industry
- Lawyers
It is also suitable to professionals pursuing CPD for the renewal of CySEC Certificate (CySEC Basic and CySEC Advance Certificate) or other relevant professional certificates in other jurisdictions.
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 the course, participants take a Quiz to complete the course and earn a Certificate of Completion once the Quiz has been passed successfully.
Accreditation and CPD Recognition
The course may be accredited by regulators and other bodies for up 5 CPD Units, that require CPD training in financial and other 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 90 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
Andreas Nicolaides has more than 10-years experience in the financial Industry. He is the Operations Manager of G.P. GLOBAL LTD offering consulting services and training courses to Investment Firms, Administrative Service Providers and Funds focuses in Internal Audit, compliance & AML issues. He is a member of the Internal Audit team of G.P. GLOBAL LTD and is involved in numerous Internal Audits of Cyprus Investment Firms, Administrative Service Providers and Funds where he is engaged, among others, in the audit for compliance with the GDPR regulatory framework. He has completed a number of trainings on GDPR regulatory framework and assisted a number of Cyprus Investment Firms, Administrative Service Providers and Funds to comply with their GDPR legal obligations.
Andreas Nicolaides holds a BA in Business Management from the Northumbria University (Newcastle – UK). Andreas also holds an Advance and Money Laundering certificate from the Cyprus Securities and Exchange Commission for the provision of investment services/activities.
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