Fund Administration Training in Cyprus: The New IFA Law in Practice (H1002)
A focused, practical course on fund administration under Cyprus’ new Investment Funds Administrators Law, L.101(I)/2025. It explains which activities now require an IFA licence, how to navigate the CySEC licensing process, and what governance, capital, AML and operational controls are expected of fund administrators. Participants learn how to structure workflows (NAV, investor registry, reporting), manage delegation and oversight, and prepare for the two‑year transitional period and ongoing supervision, so that existing and new administrators can operate confidently in the new regime.
Table of Contents
- About the Course
- Who Should Attend
- Key Learning Objectives
- Course Curriculum
- Meet the Trainer
- FAQs – Frequently Asked Questions
- Other Upcoming Courses
- Fees & Registration Details
- Registration Form
About the Course
With the enactment of the Investment Funds Administrators Law, L.101(I)/2025, Cyprus has introduced a standalone regulatory regime for fund administrators for the first time. Until now, many administrative functions were only indirectly covered under the rules for fund managers, creating gaps and uncertainty for both service providers and funds. The new law brings licensing, capital, governance, AML and conduct‑of‑business requirements squarely onto entities performing core fund administration functions from or in Cyprus.
This course is designed for fund administrators, AIFMs and service providers who need to understand what the IFA Law means in practice. It clarifies what counts as regulated fund administration services (such as NAV calculation, investor registry, reporting and support services), who must be licensed, and how the CySEC application process works. It then translates the Law’s governance, capital, professional indemnity, AML and internal‑control expectations into operational workflows and policies. Special attention is given to the two‑year transitional period and implementation challenges, so that existing providers can move from an unregulated to a fully regulated environment without disruption. Throughout, the course avoids overlap with AIFM licensing and AIFMD II content, focusing exclusively on fund administration under CySEC.
Register via ERMIS platform using code 639161
Operating a successful investment fund requires balancing structural choices with day-to-day back-office oversight. For teams building a foundational baseline before tackling operational mechanics, our Fund Management and Investment Structures Training in Cyprus catalog provides the perfect entry point. If you are entirely new to alternative frameworks or require a refresher on structural compliance rules, we highly recommend starting with Fund Management 101: A Practical Guide to AIFMD
Who Should Attend
Existing and prospective fund administrators operating from or in Cyprus.
AIFMs, RAIF sponsors and fund boards that delegate administration functions.
Compliance, risk and AML officers responsible for oversight of fund administration.
Operations and middle‑office leaders involved in NAV, investor registry and reporting.
Legal and consulting professionals supporting IFA licence applications and implementation.
Key Learning Objectives
After completing the programme, participants will be able to:
- Describe the purpose and scope of the Investment Funds Administrators Law, L.101(I)/2025 and why it was introduced.
- Identify which fund administration activities require an IFA licence and which entities are in scope or exempt.
- Outline the CySEC licensing requirements and process for Investment Fund Administrators, including timelines and main documentation.
- Summarise the key capital, professional indemnity, governance, AML and internal‑control requirements imposed on IFAs.
- Explain the transitional arrangements and deadlines for existing administrators.
- Map their organisation’s current services and clients against the IFA Law to determine licensing needs.
- Design or update core workflows (NAV calculation, investor registry, reporting) to meet the Law’s operational and control expectations.sagehillpartners+1
- Draft or review key internal policies and procedures (governance, AML, outsourcing, record keeping) aligned with CySEC expectations.legal500+2
- Prepare an implementation and licensing roadmap for the transitional period.
- Establish practical oversight and reporting arrangements between the administrator, the fund manager and CySEC (without duplicating AIFM obligations).
- After completing the programme, participants will:
- Treat fund administration as a regulated, accountability‑driven function, not just a back‑office service.
- Be more willing to escalate gaps in data, controls or resources that could undermine compliance.
- Aim to balance commercial service delivery with robust governance and investor protection under the new regime.
Course Curriculum
- Background and objectives
- scope of entities/activities
- relation to AIFM/UCITS regimes
- impact on Cyprus fund ecosystem.
- Definition of regulated services
- licensing obligation and use of “fund administrator” title
- in‑scope/out‑of‑scope cases
- exercise.
- CySEC application steps
- documentation
- capital and PI cover
- fit‑and‑proper
- timelines
- project‑plan exercise.
- Governance, AML duties, risk/compliance/internal audit
- key policies
- case study on assessing a governance/control set‑up.
- NAV, registry
- reporting workflows
- delegation and outsourcin
- coordination with AIFM/depositary/auditor
- practical documentation.
- Entry into force; transitional deadlines
- CySEC supervision
- implementation roadmap
- final readiness checklist.
While this H1002 workshop delivers the tactical ‘how-to’ blueprint for standard NAV calculations and IFA licensing workflows, senior managers must also stay ahead of macro regulatory changes. If your primary focus is adjusting investment vehicles to meet the strict European directives mandated after the April 2026 enforcement deadlines, you should upgrade your tracking with our strategic masterclass: Fund Management under AIFMD II: Key Changes, Reporting & ESG Integration
Meet the Trainer
Fees & Registration Details
FAQs – Frequently Asked Questions
The course is delivered through structured training sessions that include explanations, practical examples, and case-based exercises to support application of the concepts.
The course strengthens participants’ ability to make informed, risk-based decisions and apply AML requirements effectively in their daily responsibilities.
Yes. The principles of risk-based due diligence apply to both environments, especially where crypto exposure or clients are involved.
Other Upcoming Courses
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.