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Cyprus Securities and Exchange Commission
CySEC · Securities regulatorProlific
Employees
193
· employees, as of 2024 (latest published AR)FY2025
Annual budget
€17.5m
· FY2025 budget (not actuals)FY2025
Supervised entities
808
· supervised entitiesFY2025
Overview
CySEC is the securities and markets regulator of Cyprus and the supervisor behind one of the EU's largest investment-firm hubs, overseeing 808 entities including 252 Cyprus Investment Firms. In 2025 it ran roughly 600 on-site and off-site inspections, granted 47 new licences — among them 8 crypto-asset service providers under MiCA — and imposed €2.3 million in fines and settlements. With Cyprus holding the EU Council Presidency in the first half of 2026, CySEC hosts the ESMA Management Board and Board of Supervisors in April 2026. Everything below is CySEC's own data, from its FY2025 annual results presentation.
Regulated sectors
Leadership
- George TheocharidesChairman · since 2021
- Panikkos VakkouVice-Chairman · since 2024
Figures as published by Cyprus Securities and Exchange Commission for FY2025. Source: CySEC press conference on 2025 supervisory results (21 January 2026). Data as of 31 December 2025. Supplementary: CySEC Annual Statistical Bulletin.
Organisation (FY2025)
| Item | Value |
|---|---|
| Employees | 193 Latest CySEC-published figure (Annual Report 2024); FY2025 headcount pending in the next AR |
| Budgeted revenue / expenditure | €15.5m / €17.5m FY2025 budget (House submission), not actuals; projected €2m deficit |
Supervised entities (end-2025)
| Item | Value |
|---|---|
| Supervised entities — total | 808 +2.53% over 2020–2025 |
| Cyprus Investment Firms (CIFs) | 252 Q3 2025; total assets €4.5bn |
| Administrative Service Providers | 128 Q3 2025; assets €134.79m |
| Crypto-asset service providers (CASPs) | 19 CySEC figure, December 2025 |
| AUM in collective investment schemes | €11.4bn Q3 2025; ~25% invested domestically |
Licensing 2025
| Item | Value |
|---|---|
| New licences granted | 47 26 collective investments · 12 investment services · 8 CASPs · 1 ASP |
| Applications rejected / withdrawn | 1 / 5 Investment-firm licence applications, 2025 |
| Licences suspended or revoked | 4 Investment-firm cases, 2025 |
Supervisory activity 2025
| Item | Value |
|---|---|
| Inspections (on-site + off-site) | ~600 Incl. 43 thematic AML inspections |
| Referrals | 2 to police · 5 to Attorney General Plus information to MOKAS in 2 further cases |
Enforcement 2025
| Item | Value |
|---|---|
| Fines & settlements | €2.3m Calendar year 2025; €1.3m of it on CIFs; 3-year total €7.3m |
Notable 2025
| Item | Value |
|---|---|
| Second-largest MiCA authorizer in the EU | 8 CASP licences granted in 2025 alone. |
| EU Council Presidency prep | Cyprus holds the EU Council Presidency in H1 2026; CySEC hosts the ESMA Management Board and Board of Supervisors in April 2026, with 15+ CySEC officials in expert roles on EU legislative files. |
| "Finfluencers" thematic review | Ran a dedicated thematic review of investment promotion via social media as an emerging-risk priority. |
| Modernisation programme | Launched a multi-year project to automate licensing and examination management, and began ISO/IEC 27001 certification. |
| 2026 hiring plan | 31 officers · 5 secretarial assistants · 3 IT specialists. |
| Financial-literacy programme | 1,700+ students reached across 44 schools in 2025. |
Key legislation
Cyprus Securities and Exchange Commission Law of 2009 (L.73(I)/2009)
Establishes CySEC as the independent public supervisory authority
Investment Services and Activities and Regulated Markets Law
Cyprus Investment Firm (CIF) authorisation — MiFID II
MiCA implementing framework
CASP authorisation and supervision
AML/CFT Law (Prevention and Suppression of Money Laundering Activities Law)
AML supervision of CIFs, ASPs and CASPs
Public registers
Application portals
Recent publications
- CySEC 2025 supervisory results — press conference
2026-01-21
- CySEC Annual Report 2024
2025-12-01