Copying and distributing are prohibited without permission of the publisher
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
"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.