About the Regulatory Blog and our contributors
The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Anguilla, Bermuda, Cyprus, and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.
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CySEC publishes Policy Statement on fees and reporting for MiCAR compliance
The Cyprus Securities and Exchange Commission previously issued a comprehensive Policy Statement (PS03-2024) outlining fees and reporting requirements under the Markets in Crypto-Assets Regulation. This policy establishes guidelines for participants engaging in crypto-asset markets across the European Union.
05 Mar 2025
CySEC announcement: ESMA introduces the new CSA on sustainability obligations under MiFID II
On 31 January 2025, the Cyprus Securities and Exchange Commission announced that the European Securities and Markets Authority has introduced the Common Supervisory Approach 2024-25 with respect to the integration of sustainability in firms’ suitability assessment as well as product governance processes and procedures in 2024.
05 Mar 2025
CySEC proposes ICT oversight fees for financial entities under DORA
On 31 January 2025, the Cyprus Securities and Exchange Commission launched a consultation on proposed annual information and communication technology oversight fees for financial entities under the EU Digital Operational Resilience Act. DORA aims to enhance cybersecurity and resilience in the financial sector.
24 Feb 2025
ESMA’s guidance on non-MiCA compliant crypto-asset services
On 17 January 2025, the European Securities and Markets Authority (ESMA) issued a statement on providing crypto-asset services related to Asset-Referenced Tokens (ARTs) and Electronic Money Tokens (EMTs) which are not compliant with EU Regulation 1114/2023 on markets in crypto-assets (MiCA).
14 Feb 2025
CySEC publishes the main aspects of the implementation of the digital operational resilience framework (DORA)
The Cyprus Securities and Exchange Commission published a document outlining key aspect of the implementation of the EU package on a digital operational resilience framework for the financial sector. This regulatory framework is aimed at strengthening the digital resilience of the financial sector.
24 Jan 2025
Cyprus introduces new legislation on crowdfunding service providers for business
Cyprus has recently introduced the Provision of Crowdfunding Services for Businesses Law of 2024 (the Crowdfunding Services Law), to align with EU Regulation (EU) 2020/1503 on crowdfunding service providers for business.
03 Jan 2025
EBA Guidelines on group capital test for Cyprus investment firms
On 22 October 2024, the Cyprus Securities and Exchange Commission (CySEC) announced its adoption of the European Banking Authority (EBA) Guidelines on the application of the group capital test for investment firm groups in accordance with Article of Regulation (EU) 2033/2019 (IFR) (the EBA Guidelines) as part of its supervisory framework.
17 Dec 2024
CySEC adopts two sets of EBA Guidelines for issuers of asset-referenced tokens
The Cyprus Securities and Exchange Commission (CySEC) has adopted two significant sets of European Banking Authority (EBA) guidelines aimed at strengthening the regulatory framework for issuers of asset-referenced tokens (ARTs). These guidelines focus on internal governance and recovery planning for ART issuers, in line with Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA).
17 Dec 2024
CySEC launches preliminary application phase for Crypto-Asset Service Providers under MiCA
On 13 November 2024, the Cyprus Securities and Exchange Commission announced the commencement of a preliminary phase for accepting applications and notifications from entities intending to operate as Crypto-Asset Service Providers under the EU Markets in Crypto-Assets Regulation. This preparatory phase will run until MiCAR’s full implementation on 30 December 2024, aiming to streamline the formal authorisation process.
11 Dec 2024