Nicosia: The Cyprus Securities and Exchange Commission (CySEC) has reported a 1.12% increase in the number of entities it supervises, rising to 815 as of June 2026. This growth underscores the ongoing interest in Cyprus's capital markets, as 63 new licence applications are currently under review.
According to Cyprus News Agency, CySEC's recent review highlights significant achievements and efforts between 2021 and 2026, aiming to create a competitive and reliable supervisory environment. Despite global economic challenges, the Cypriot capital market has shown resilience and growth, attributed to CySEC's strategic initiatives.
Over the past five years, CySEC has imposed administrative penalties exceeding £12 million due to supervisory audits and investigations. Of these, over £9 million was levied on investment firms, while 20 cases were referred to the Attorney General for potential criminal investigations. The Commission also requested corrective measures in more than 800 instances, revoked 8 licences, and saw 47 entities voluntarily surrender their licences.
CySEC has invested in technological advancements, including electronic systems and supervisory tools, to enhance oversight and investor protection. This includes over 4,000 inspections and the handling of substantial documentation to ensure compliance with MiFID II regulations.
In terms of legislative developments, Cyprus has implemented frameworks for Crowdfunding Service Providers and Pan-European Personal Pension Products, among others. The Authority for Combating Money Laundering and the Financing of Terrorism (AMLA) began operations in 2025, with CySEC actively participating.
Technological achievements include the launch of the Central Trust Register system and an Enterprise Risk Management Framework. In 2024, CySEC introduced a Regulatory Sandbox to engage with innovative financial solutions.
CySEC hosted significant events, including the European Regional Committee of IOSCO and meetings of the European Securities and Markets Authority. Celebrating 30 years, CySEC organized an anniversary conference with prominent international figures.
The conclusion of Cyprus's Presidency of the Council of the European Union marked a significant milestone, showcasing the expertise and substantial contribution of CySEC to the European regulatory framework.
CySEC remains committed to transparency, integrity, and innovation, focusing on enhancing investor protection and strengthening Cyprus's position as an international financial services hub.