Answer:

The correct answer is option 'A' - November 1, 2020.

Background:
Cyprus had been operating a "golden passport" scheme, also known as the Cyprus Investment Program (CIP), which allowed individuals to obtain Cypriot citizenship in exchange for a significant investment in the country. This program was aimed at attracting foreign investment and stimulating economic growth in Cyprus.

Repeal of the Scheme:
The Cypriot government decided to repeal the "golden passport" scheme due to concerns over its potential misuse and abuse. The program faced criticism and scrutiny for its lack of transparency and allegations of corruption. Several high-profile individuals, including political figures and individuals with questionable backgrounds, had reportedly obtained Cypriot citizenship through this scheme.

On October 15, 2020, the Cypriot government announced the immediate suspension of the "golden passport" scheme, temporarily halting new applications. This suspension was put in place to allow for a thorough investigation into the program and to address the concerns raised.

Following the suspension, the government further decided to permanently terminate the scheme. On November 1, 2020, a new law was enacted to repeal the Cyprus Investment Program. This law officially ended the "golden passport" scheme, making it no longer possible for individuals to apply for Cypriot citizenship through this program.

The repeal of the scheme was a significant step taken by the Cypriot government to address the criticisms and ensure the integrity of the country's citizenship program. It aimed to strengthen the transparency and credibility of the Cypriot citizenship process, as well as prevent potential misuse of the program for illicit purposes.

Impact and Aftermath:
The repeal of the "golden passport" scheme had implications for both existing and potential applicants. Those who had already submitted applications before the suspension of the program were allowed to continue the process, but new applications were no longer accepted.

The decision to repeal the scheme received mixed reactions. Supporters of the program argued that it had brought significant investment to Cyprus and contributed to its economic growth. However, critics highlighted the lack of due diligence and potential risks associated with granting citizenship to individuals with questionable backgrounds.

Overall, the repeal of the "golden passport" scheme marked a significant change in Cyprus' citizenship policies and aimed to ensure greater transparency and accountability in the country's citizenship process.