The Cyprus Securities and Exchange Commission (CySEC) carried out more than 4,000 on-site, remote and thematic inspections between 2021 and 2026. It also imposed administrative fines and settlements exceeding €12 million during the period.
More than €12 million in sanctions
According to CySEC’s five-year review, more than €9 million of the sanctions concerned Cyprus Investment Firms (CIFs), while approximately €1 million was imposed on issuers for breaches of the legislation governing their activities.
The remaining amount concerned other supervised entities.
In addition to the financial sanctions, corrective measures were requested in more than 800 cases.
Licences revoked and applications rejected
During the five-year period, CySEC revoked eight CIF licences, while another 47 firms voluntarily surrendered their licences.
The Commission also rejected 10 applications for CIF licences. A further 22 applications were withdrawn by the applicants themselves.
Cases referred to authorities
CySEC referred 20 cases to the Attorney-General of the Republic to determine whether potential criminal offences had been committed by companies or individuals.
Information was also forwarded to the Unit for Combating Money Laundering (MOKAS) in eight cases and to the police in another four.
Market shows resilience and growth
“Despite the significant challenges and continued uncertainty that characterised the international economic environment over the past five years, the Cyprus capital market demonstrated remarkable resilience and growth potential,” the review said.
According to the latest available figures from June 2026, CySEC supervised 815 entities, representing an increase of 1.12% compared with the end of 2021.
A further 63 applications for licences covering various types of regulated entities remain under examination. According to the review, this confirms continued interest in entering and further developing Cyprus’ capital market sector.
During the five-year period, major European legislative and regulatory reforms were also advanced. CySEC actively participated in shaping and implementing the reforms, contributing to the strengthening of Cyprus’ supervisory and regulatory framework and the development of its capital market.
