Further to our previous newsfeed on this, the Cyprus Registrar of Companies through an announcement issued on 9 December 2022, clarified that what should be declared is the latest available information about a beneficial owner of an investment fund.
The initial submission of information should be based on the Net Asset Value (NAV) calculation on both management shares and investment shares.
Investment funds created before 12 March 2021 need to submit information to the UBO Register during the interim solution period. Investment funds set up after 12 March 2021 are required to submit information within 30 days from the date they were set up.
It is reminded that Investment Funds must report any changes to their beneficial owners within 14 days from the latest official NAV calculation.
It is also reminded that the interim solution duration has been extended until the final solution will enter in to force.