On July 22 2013, the new EU regime on licensing and supervision of alternative investment funds (AIFs) took effect, as Delegated Regulation (231/2013) supplementing the Directive on Alternative Investment Fund Managers (2011/61/EU) (the AIFMD) entered into force. Cyprus had already transposed the AIFMD into national law earlier in July, in the form of the Alternative Investment Fund Managers Law of 2013 (Law 56(I) of 2013: the AIFM Law).
October 30 2013