KPMG Webinar: Recovery plans for CIFs

In February 2020, CySEC issued Directive DI20-01, which introduces Recovery Plan requirements for CIFs. The Recovery Planning requirements introduce new concepts in terms of the financial distress and crisis management.

The main aim of a recovery plan is to identify and prepare the actions that can be taken by a CIF to recover its financial position, following a severe stress that threatens its viability. These actions need to be sufficiently detailed in order to ensure the smooth functioning of the financial markets and the Cyprus and European economy.

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