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Cifa becomes member of Efama
17 June 2014
Cyprus Investment Funds Association granted two-year observer status
Fund and Asset Management Association (Efama) has given
the Cyprus Investment Funds Association (Cifa) formal
Cifa was unanimously granted observer status for a two-year
term, starting in June 2014.
"The approval of Cifa's membership to Efama marks a vote of
confidence in Cyprus as a fund and asset management centre,"
said Angelos Gregoriades, president of Cifa.
"It acknowledges the sector's ability to adapt to changing
legislative requirements and provide future growth for the
whole Cypriot economy."
Cifa's membership to Efama follows a rigorous assessment of
Cyprus' fund management framework and its adoption of the Ucits
and Alternative Investment Fund Managers (AIFM) directives into
the country's national legal system.