Depositary Role: A depositary in Cyprus is primarily responsible for ensuring compliance with legal and regulatory requirements. They act as a central point of contact for investors and provide services related to the administration of collective investment schemes (such as mutual funds) or alternative investment funds.
Types of Depositaries: In Cyprus, depositaries can be categorized into two main types:
Depositaries for UCITS (Undertakings for Collective Investment in Transferable Securities): These entities are responsible for ensuring transactions are properly executed and overseeing compliance with regulations.
Depositaries for AIFs (Alternative Investment Funds): These depositaries serve a similar role for alternative investment funds offering compliance monitoring, and oversight of fund operations.
