The Cyprus Securities and Exchange Commission has published a consultation paper proposing a new Directive that would require Crypto-Asset Service Providers to submit prudential supervisory information, financial reports and audited annual financial statements under Regulation (EU) 2023/1114 (MiCAR). The proposal would introduce periodic reporting to CySEC covering MiCAR prudential information as well as financial reporting packs including a trial balance, balance sheet and profit and loss statement, alongside audited annual financial statements. The reporting regime is designed to support supervisory oversight and verification of CASPs’ compliance with MiCAR prudential requirements, and is intended to align with the prudential reporting approach used for Investment Firms with submission deadlines consistent with existing EU implementing regulations. The scope is limited to CASPs authorised by CySEC under Article 63 of MiCAR, and excludes central securities depositories, Cyprus Investment Firms, market operators, management companies and alternative investment fund managers providing crypto-asset services under notification. Comments on the consultation are due by 12 January 2026.
Cyprus Securities and Exchange Commission 2025-12-19
Cyprus Securities and Exchange Commission consults on MiCAR prudential reporting directive for crypto-asset service providers
The Cyprus Securities and Exchange Commission has issued a consultation paper proposing a Directive for Crypto-Asset Service Providers (CASPs) to submit prudential supervisory information and financial reports under Regulation (EU) 2023/1114 (MiCAR). The proposal mandates periodic reporting to CySEC, including trial balances, balance sheets, profit and loss statements, and audited annual financial statements. The scope is limited to CASPs authorized by CySEC, excluding other financial entities providing crypto-asset services under notification.