On 3 July 2020, the Cypriot Parliament passed and brought in to force the Mini Alternative Investment Fund Managers Law creating a regime for the regulation and licensing of sub-threshold alternative investment fund managers based in the jurisdiction. Prior to the enactment, sub-threshold AIFMs were not independently subject to licensing in the Republic of Cyprus.

Harneys has published a detailed article on the new legislation, providing thorough information on the subject.

The article can be found here.