Fund Management & Administration under AIFMD and CySEC (H1002)
In the wake of the Investment Fund Administrators Law, fund administration in Cyprus has evolved from a back-office support function into a strictly regulated, licensed activity. This technical workshop bridges the gap between theoretical fund structures and the high-stakes operational reality of NAV calculation, AIFMD transparency reporting, and delegation oversight. Whether you are navigating the transition to a regulated IFA license or ensuring your AIFM remains compliant with CySEC's latest circulars, this course provides the "how-to" blueprint for robust fund operations in 2026.
Table of Contents for Fund Management and Administration Course
- About the Course
- Who Should Attend our AIFMD Workshop: Target Professionals
- Key Learning Objectives for Fund Administrators: Knowledge and Skills
- Course Curriculum
- Meet Your Expert Trainer: Industry Authority
- Frequently Asked Questions: Fund Administration & AIFMD
- Fees & HRDA Registration Details: Subsidized Training
- Registration Form
About the Course
This technical workshop is designed to address a practical need for regulatory alignment in an evolving fund management and investment structure landscape. It ensures that fund administrators, compliance officers, and operations staff are capable of applying best practices, mitigating regulatory risks, and supporting their firm’s legal and fiduciary responsibilities.
While our Fund Management 101 course provides the foundational industry overview, this course focuses on the technical execution of duties as required by the Investment Fund Administrators Law. For professionals responsible for high-level strategy and ESG integration, we recommend progressing to the Fund Management under AIFMD: Comprehensive masterclass.
Register via the ERMIS platform using code 639161.
Timetable
Who Should Attend our AIFMD Workshop: Target Professionals
This course is aimed at fund managers, compliance officers, risk managers, internal auditors, and key roles in a Fund or Fund Manager legal entities. It is also highly relevant for:
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Professionals preparing for the CySEC Advanced Certification
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Legal managers seeking to understand Cyprus Company Incorporation Law in the context of fund vehicles.
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Operations staff offering supporting services such as internal audit or legal advice.
Key Learning Objectives for Fund Administrators: Knowledge and Skills
By the end of the seminar, participants will gain:
at Knowledge level:
- Understand the regulatory framework governing fund administration in Cyprus, including MiFID II, AIFMD, UCITS, and relevant CySEC Official Directives.
- Be familiar with different fund structures (UCITS, AIFs, RAIFs) and how they impact fund administration obligations.
- Know the legal and operational boundaries of delegation, outsourcing, and valuation under AIFMD.
- Comprehend the key investor protection rules under MiFID II and how they apply to fund administrators.
- Be aware of key reporting requirements, including EMIR, SFDR, Annex IV (AIFMD), and MiFIR, and the fund administrator’s role in facilitating them.
at Skill level:
- Apply compliance principles in the execution of fund administration functions such as NAV calculation, recordkeeping, and investor reporting.
- Interpret and implement relevant CySEC directives and EU regulations in fund administration operations.
- Design or assess internal controls for delegated functions, including sub-outsourcing and the impact of the Digital Operational Resilience on fund data security.
- Evaluate service agreements and operational models for risk, regulatory impact, and reporting accuracy.
- Support AIFMs, UCITS managers, and Depositaries in fulfilling their regulatory obligations.
- Identify and remediate gaps in AML/KYC procedures within the fund administration lifecycle.
at Attitude level:
- A compliance-first mindset when handling client data, investor communications, and operational decisions.
- Professional scepticism toward operational shortcuts or ambiguous delegation practices.
- Accountability for data accuracy and transparency in NAV and investor reporting.
- A commitment to continuous regulatory learning, given the fast-changing EU and CySEC landscapes.
- Risk sensitivity, especially when dealing with high-risk fund structures or third-country delegations.
Course Curriculum
- Icebreaker/ welcome
- Definition and scope of Fund Administration
- Differentiation from other related services (Fund Management, Custody etc.)
- Overview of UCITS, AIFs, RAIFs in Cyprus and their structures
- Regulatory Authorities: CySEC, ESMA, EBA
- Intersection of MiFID II, AIFMD, UCITS
- National laws: Law 87(I)/2017, Law 124(I)/2018, Law 78(I)/2012
- When authorisation is required for fund admin
- Outsourced fund administration (AIFMD/UCITS)
- Ancillary services under MiFID II and CySEC Circular C433
- The MiFID “Top-Up” Intersection(for firms authorized to perform discretionary management or investment advice alongside fund management, we analyze the Portfolio Management & Trading Oversight
- Outsourcing approval obligations (Art. 16 MiFID II, Art. 75 Reg. 231/2013)
- Fit and proper requirements (ESMA & CySEC)
- AIFMD Article 20 delegation rules and notification to CySEC
- Internal controls under Art. 16 MiFID II and record-keeping obligations.
- Record-keeping obligations (Art. 16(6), Reg. 2017/565)
- NAV calculation, valuation and reconciliation: Practical technical focus.
- AIFMD Article 19 valuation requirements (internal or external)
- IT and cybersecurity under DORA Regulation (Reg. 2022/2554)
- Sub-outsourcing controls and independence
- Duty of care, client fair treatment (Art. 24 MiFID II)
- Managing conflicts of interest
- PRIIPs and KIID obligations (Reg. 1286/2014)
- GDPR compliance (Reg. 2016/679)
- AIFMD Article 14 obligations to manage and disclose conflicts of interest in fund administration
- AML responsibilities of fund administrators
- CDD procedures for NAV and distributions
- STR filing obligations
- FATCA/CRS integration
- Law 188(I)/2007 and DI87-01 Article 58Δ
- EMIR and MiFIR reporting (if delegated)
- CySEC periodic reporting (Form 87-00-12, IOM, AML Manual)
- SFDR transparency (Reg. 2019/2088)
- AIFMD Annex IV reporting responsibilities (supporting AIFMs)
- Collaboration with depositaries and fund managers
- Designing a compliance framework for fund admin
- Annual reviews and compliance monitoring
- Role of internal audit in NAV oversight
- Risk management obligations
- MiFID II passporting of fund admin
- Third country delegation: Brexit, UK, UAE
- Substance and delegation scrutiny
- ESMA & CySEC guidance
- AIFMD third-country delegation requirements and conditions
- CySEC enforcement related to NAV misstatements
- Lessons from ESMA reviews
- Restructuring example
- Common pitfalls: outsourcing, AML failures, misreporting
- Closing remarks
- Course evaluation
Meet Your Expert Trainer: Industry Authority
Fees & HRDA Registration Details: Subsidized Training
Frequently Asked Questions: Fund Administration & AIFMD
Yes. Under the new Investment Fund Administrators Law, persons providing fund administration services must be authorized by CySEC. AIFMs and UCITS Management Companies are generally exempt if they perform these tasks in-house, but third-party administrators must now hold a specific IFA license.
The Fund Manager (AIFM) is responsible for the portfolio and risk management decisions. The Fund Administrator (the focus of this course) acts as the operational backbone, handling the calculation of the Net Asset Value (NAV), maintaining the shareholder register, and facilitating regulatory reporting to CySEC.
Absolutely. This course is accredited for 8 CPD units in the field of Financial Regulation, making it ideal for the annual certification renewal of CySEC Advanced and Basic certificate holders.
ERMIS Registration Required for HRDA-Subsidised Seminars
This seminar is eligible for HRDA subsidy, which means participation requires a valid ERMIS profile. If you don't have one yet, don't worry — simply complete the form below and our team will guide you through the registration process step by step after your submission.