KPMG Webinar: Recovery plans for CIFs

07 July 2020 - 07 July 2020


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.

For further information please visit website.

For more information, please contact:

Irini Avraam

KPMG Academy

Tel: +357 22 207 460


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