The Cyprus Securities and Exchange Commission published an overview of its 2024 supervisory and enforcement work and set out priorities for 2025, highlighting a high volume of thematic audits, administrative sanctions, and continued focus on investor protection amid EU-wide regulatory change, digital transition and sustainable investing. In 2024, CySEC’s Supervision and AML/CFT teams conducted more than 850 on-site and remote thematic audits and carried out systematic remote checks on prudential thresholds, remuneration policies, internal risks and business models. Reviews also covered 510 annual compliance officer reports and internal AML audits, 89 supervised collective investment funds, and transaction and derivatives reporting by 33 managers and funds, alongside data collection and assessment work on commercial real estate risk monitoring. CySEC completed 44 investigations (with 52 ongoing at year-end), imposed administrative fines totalling approximately EUR 2.76 million (including EUR 2.12 million on Cyprus investment firms), and required corrective actions in 321 cases, including specific time-bound measures for over 70 entities to address AML/CFT obligations; seven Cyprus investment firm licences were revoked or suspended and two Reserved Alternative Investment Fund licences were revoked. Looking ahead, CySEC flagged expected supervisory impacts from EU initiatives including the AML Package, European Single Access Point, EU sustainability framework, Alternative Investment Fund Managers Directive II, Financial Data Access regulation, MiFIR review, EMIR refit and the Retail Investment Strategy, alongside the EU Savings and Investments Union plan. It also pointed to ongoing work on the Markets in Crypto-Assets Regulation and the Digital Operational Resilience Act, including planned collection of cybersecurity data from supervised entities and further investment in specialised systems to support licensing and ongoing supervision.

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