Who fills it in
A company established in the Republic of Cyprus that wants to provide investment services or perform investment activities on a professional basis, and an existing CIF that wants to extend its authorisation. Each member of the board files the personal questionnaire 87-00-11 and each qualifying shareholder a shareholder questionnaire (87-00-12, 87-00-13 or 87-00-14).
What goes with it
- List of Members of the Management Body (form 87-00-02) and form FnP-01-001, which the general instructions require
- A programme of operations and a business plan
- Corporate certificates: incorporation, registered office, good standing, memorandum and articles (in Greek), shareholders, directors and secretary
- Evidence of the paid-up capital and of professional indemnity insurance where needed
- Questionnaires of board members (87-00-11) and qualifying shareholders (87-00-12/13/14)
- Forecast accounts and capital requirement forecasts, the organisational structure and the policies on compliance, risk, internal audit, AML, conflicts of interest, business continuity and record-keeping
- The checklist 87-00-22 and the internal operations manual
Field by field
Part A and general instructions
| On the form | What to write | Example |
|---|---|---|
| General instructions | The form must be completed electronically, every applicable question answered or marked N/A, and all Part D documents attached; incomplete applications are returned. | — |
| Part A: the application letter Part A: Application form for authorisation as an investment firm | Reference number, date, the applicant's name and address and a designated contact person, addressed to CySEC's Authorisations Department. | EXAMPLE CAPITAL LTD, contact: compliance officer |
Part B: Annexes
| On the form | What to write | Example |
|---|---|---|
| Annex A: general information Annex A: General information | The company, its legal form, group, and the investment services, activities and ancillary services and financial instruments it asks for. | Reception and transmission of orders; execution of orders |
| Annex B: capital Annex B: Capital | The initial capital, how it was raised and evidence that it is paid up. | — |
| Annex C: shareholders Annex C: Shareholders | Direct and indirect shareholders, qualifying holdings and the group structure. | — |
| Annex D: management body Annex D: The management body and persons who direct the business | Board members, executive and non-executive, and the persons who direct the business; each files 87-00-11. | — |
| Annex E: financial information Annex E: Financial information | Financial statements and forecasts, including capital requirement forecasts. | — |
| Annex F: organisation Annex F: Information on the organisation of the firm | Organisational structure, internal control functions, outsourcing, programme of operations and the main policies. | — |
Parts C and D
| On the form | What to write | Example |
|---|---|---|
| Part C: confirmations Part C: Confirmations | Boxes the applicant ticks to confirm statements; a tick or x counts as confirmation. | — |
| Part D: list of documents Part D: List of additional documents | The 33 documents that must accompany the form; Part D is an integral part of it. | — |
Common mistakes
- Submitting without form 87-00-02, form FnP-01-001, the programme of operations or the business plan: the instructions require all of them.
- Changing or deleting the questions: they must stay unaltered, with answers below each one.
- Leaving questions blank instead of writing N/A: incomplete applications are returned.
- Assuming CySEC knows public information: the form says it is not considered known unless you give it.
Questions
How much is the CySEC CIF application fee?
Directive DI87-03 sets €7,000 for authorisation of investment services 1–7, €25,000 for operating an MTF or OTF, and €500 per ancillary service.
Which forms go with 87-00-01?
Form 87-00-02 and FnP-01-001, the personal questionnaires 87-00-11 for board members and 87-00-12/13/14 for qualifying shareholders, and the checklist 87-00-22.
Is the CIF application in English?
Yes, CySEC publishes the form in English as a Word file, to be completed electronically.
Sources
- CySEC: Investment Services and Activities and Regulated Markets Law, forms section, checked 24 October 2026
- CySEC: form 87-00-01 (Word, October 2025), checked 24 October 2026
- CySEC: Directive DI87-03 on charges for CIF applications (unofficial English text), checked 24 October 2026
Figures checked 24 October 2026. Rules change: we confirm them for your case before you act.