Fund Administration

The Open-Ended Undertaking for Collective Investment in Transferable Securities (UCITS) Law 225(I) 2002 provides the legal framework for the registration, regulation and marketing of local and foreign funds in Cyprus.

Under this law UCITS is considered to be any organization whose sole aim is to collectively invest publicly collected capital, in transferable securities via stock markets, banking deposits and any other investments and whose operation is based on the principle risk of diversification and whose units can be liquidated by the unit holder on request using the assets of the organization.

At Nexia Poyiadjis, we offer a range of Fund Administration services.

Key services

• Dealing with an ICIS and UCITS correspondence
• Processing subscriptions
• Processing Redemptions and Withdrawals
• Computing Net Asset Values
• Maintaining books and records
• Disbursing payments
• Establishing and maintaining accounts of behalf of an ICIS or UCITS and any other matters usually performed for the administration of an ICIS or UCITS