Further regulation of the OFC’s activity

Beginning its activity, the OFC must have the "Questionnaires C" fulfilled by all supposed officials and employees (directors, partners, managers, consultants). The established OFC must send to the Central Bank of Cyprus information about its activity and state of things.
This information must guarantee financial companies with possibility to get debentures from clients and creditors, it must also reflect the practice in carrying out financial operations and the level of offered services of the OFC. The latter information has the object of the local control and inspection by Central Bank of Cyprus. As well as other offshore organizations, registered in Cyprus, OFC must offer an annual financial accounts to the Central Bank of Cyprus.