The Cyprus Securities and Exchange Commission issued a statement following recent media reports, clarifying that the regulatory framework governing Cyprus’ investment and capital markets sector is fully aligned with European Union law. It said the assessment, licensing and supervision of obliged entities are carried out in accordance with EU directives and regulations, without exceptions or derogations. CySEC linked this approach to Cyprus’ EU accession in 2004, stating that relevant legislation and regulatory provisions are bound to the EU acquis and that the alignment supports transparency, risk mitigation and effective market functioning. The statement referenced positive evaluations by European and international bodies including the European Securities and Markets Authority and MONEYVAL, and noted CySEC’s participation in EU-level working groups on implementing the new anti-money laundering package as part of its effort to support timely transposition into national law.