The Cyprus Securities and Exchange Commission published a 2025 outlook setting out the main drivers for capital markets and its supervisory focus, centred on the rollout of the Markets in Crypto-Assets Regulation (MiCA) and the Digital Operational Resilience Act (DORA), continued digital transformation including artificial intelligence, and closer attention to sustainable investment disclosures to deter greenwashing. The update notes 825 supervised entities as of November and around 70 new licensing applications under review. MiCA is expected to strengthen the authorisation and provision of services by crypto-asset service providers from January 2025, with CySEC already seeing interest from firms seeking a licence. DORA also enters full application in January 2025, introducing harmonised requirements for the security of network and information systems supporting financial entities’ business processes, and CySEC is preparing for implementation and related cybersecurity data collection. The outlook also highlights geopolitical and macroeconomic uncertainty, while citing European Commission forecasts of 2.8% growth and 2% inflation for Cyprus in 2025, and anticipates further development of green bonds, ESG equities and other products by alternative investment funds and their managers.

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