The Cyprus Securities and Exchange Commission (CySEC) is the principal regulatory authority for the securities market in Cyprus. Established under the Securities and Exchange Commission Law of 2001, CySEC is tasked with overseeing the operation and compliance of the financial markets in Cyprus to ensure their integrity and stability.
Key Functions and Responsibilities
- Regulation and Supervision: CySEC regulates and supervises the investment services market, transactions in transferable securities, and the collective investment and asset management sector in Cyprus. It also oversees administrative service providers that are not supervised by other professional bodies.
- Investor Protection: One of CySEC’s primary missions is to protect investors by ensuring that the financial markets operate fairly and transparently. This includes rigorous enforcement of compliance with legal standards.
- Market Development: CySEC is actively involved in developing and enhancing the regulatory framework to keep pace with evolving financial innovations, including digital and crypto assets.
